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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 billion in equity. The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.

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The Real Brokerage looks to build on 2023’s explosive growth

Housing Wire

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. But for Real, which runs a virtual brokerage model with revenue sharing for its agents, the goal is to get better, not necessarily bigger.

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Buyside launches a new home valuation pages feature

Housing Wire

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner.

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Redfin closes $138M deal for mortgage lender

Housing Wire

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Presented by: 1000watt.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

My name is (your name), and I’m a licensed real estate professional with (your brokerage). I would be happy to give you an equity analysis and let you know how much equity you have in your home. For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage).

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The strategy behind UWM’s multibillion dollar investment

Housing Wire

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. His tangible net worth ratio (a proxy of how much equity you have relative to your total assets) is just under 30%.

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Rocket Companies to Acquire Redfin in $1.75 Billion Deal

BAM Media

The deal is expected to close in the second or third quarter of 2025, pending shareholder and regulatory approvals. Kelman highlighted the role of AI in enhancing the homebuying process: Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical.