article thumbnail

Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Brokerage 482
article thumbnail

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.

Mortgage 459
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rocket to Acquire Mr. Cooper in $9.4B Transaction

Appraisal Buzz

By combining Mr. Cooper and Rocket, we will form the strongest mortgage company in the industry, offering an end-to-end homeownership experience backed by leading technology and grounded in customer care. Rocket projects $400 million in pre-tax cost savings from streamlining operations, corporate expense, and technology investments.

Clients 407
article thumbnail

Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. Rocket and Redfin have a unified vision of a better way to buy and sell homes, said Krishna.

article thumbnail

The Post-COVID shift: What Amazon and Zillow can’t do

Housing Wire

This tipping point came after several years of rapid technology growth in our industry. The trends we elaborated on two years ago, pre-COVID, are now the standard: Digital is the new normal and technology is now the price of entry rather than a competitive advantage. By 2027, the mortgage industry is going to look completely different.

article thumbnail

Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

“There’s still going to be deals out on the streets for these guys, but I do think they will continue to integrate their technology into, ‘Push button, Get home,” Hale said. Such a scenario would see Rocket, which currently lags behind arch-rival United Wholesale Mortgage , capture about 16% of the purchase market.

Mortgage 258
article thumbnail

Apartment Construction Projected to Reach Historic Highs in 2024

Appraisal Buzz

“All things considered, this significant decline in starts in every region paves the way for a significantly altered industry trajectory by 2026 and 2027.” Then, through 2027, when deliveries are anticipated to hit a 10-year low with 319,000 rentals opening nationally, the rate of building is predicted to drop down even more.