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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 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. billion in equity.

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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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Roof AI powers its sales assistant with OpenAI technology

Housing Wire

This is designed to keep user engaged on brokerage sites, foster trust and enhance their overall experience. The core skills of Roof AI revolve around functions such as searching for properties, finding an agent and starting the mortgage financing process. “We Michel Moubarak, vice president of growth at Roof AI, told HousingWire.

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Opinion: Reframing the American Dream of homeownership

Housing Wire

Current market challenges The real estate market is currently characterized by a complex interplay of factors: Interest Rate Volatility: Fluctuating interest rates have made it difficult for potential buyers to predict the cost of financing a home. Yes, prices are higher, but this also means homes are valuable long-term investments.

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Own Up eyes national expansion with $12M funding round

Housing Wire

Own Up, which loosely resembles a mortgage brokerage, will expand to 15 new states in 2021, including California. The Boston-based company functions as an adviser and marketplace for customers looking for mortgage financing. More customers are preferring to complete all aspects of home buying and financing online, he said.

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How to get a real estate license in Texas

Housing Wire

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. After you complete all six courses, you’ll have to take and pass the pre-license course final exam. That’s a longer program than in most states. How much exactly?

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Fintech startup Tomo breaks into jumbo mortgages

Housing Wire

Ribbit Capital led the financing, which also included participation from partners of DST Global , NFX and Zigg Capital. The digital mortgage lender advertises that it creates pre-approvals for its customer within hours, not days, charges no lender fees, and ensures on-time closings 100% of the time. the fintech company said.

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