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Home sale cancellations hit record high in January

Housing Wire

Home sale cancellations in the U.S. The figure, which represents over 41,000 failed home-purchase agreements, marks an increase from 13.4% The figure, which represents over 41,000 failed home-purchase agreements, marks an increase from 13.4% home-sale price rising 4.1% year-over-year. Las Vegas 17.9%

Sales 367
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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 Under the agreement, each Redfin share will convert to 0.7926 Rocket Class A shares, a 63% premium over Redfins 30-day Volume-Weighted Average Price (VWAp) as of March 7, 2025.

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Ruoff Mortgage teams with Calque on ‘buy before you sell’ offering

Housing Wire

Buyers are not required to prepare their current home for sale until after they move into the new property. It is quite common that our customers are faced with challenges around selling their current home before they can purchase a new home,” Ruoff Mortgage CEO Clint Morgan said in a statement.

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loanDepot eyes purchase business in the South with new mortgage JV

Housing Wire

loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states. Smith Douglas Homes sold 2,297 homes in 2023. loanDepot has a variety of partnerships with homebuilders across the country.

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Here’s what buyers and sellers want from their real estate agent

Housing Wire

And for all talk about getting a good deal on a purchase or sale, people still just want to find the right home and have a smooth process. 1 need, while only 14% said they wanted help in negotiating the terms of the sale. The survey also shed light on the different methods by which agents are marketing homes for sale.

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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

The current environment of mergers and acquisitions (M&A) is evolving. There is constant movement in the mortgage industry with the desire for growth and expansion. It is easy to become blinded by the end goal of increasing loan volume and quality origination talent. Patent & Trademark Office. The same is true of domain names.

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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Below are some of the items that wont necessarily be on your radar when you initially explore an acquisition or sale, but may need to be dealt with on a post-closing basis. To backstop some of those indemnification obligations, there will likely be an indemnification escrow agreement.