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Rocket Mortgage plans to double its purchase market share by 2027

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. Rocket originated $42.3 billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7

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In a sluggish market, Rocket Mortgage courts brokers with pricing incentive

Housing Wire

Rocket told investors in September that by 2027 it aims to double its current market share in purchase mortgages to 8% from the current 4%, and its refinance share to 20% from 12%. By channel, Rocket reported $13 billion in closed loans in the second quarter via its direct-to-consumer channel and $11.3 billion through its TPO channel.

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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents.

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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

” Rocket expects the merger to generate over $200 million in run-rate synergies by 2027, including $140 million in cost savings from streamlining operations and $60 million in revenue gains by connecting financing clients with Redfin agents. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

In 2024, Rocket saw an 8% year-over-year increase in purchase market share and aims to further accelerate growth through this acquisition. Rocket will match homebuyers with the best real estate agents and the best loan officers across the combined companies.

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Remodeling Market Expected to Hit $4.9 Trillion by 2027

Appraisal Buzz

A report by Global Market Insights, a Delaware-based market research and consulting firm, found that the current worldwide remodeling market is worth about $3.8 trillion and is expected to grow at a compounded … The post Remodeling Market Expected to Hit $4.9 Trillion by 2027 appeared first on theMReport.com.

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FHFA Seeks Public Input on the GSEs’ Underserved Markets Plans

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) is seeking public feedback on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.

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