Mon.Mar 10, 2025

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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. Rocket’s press release stated that Redfin CEO Glenn Kelman will continue to lead the Redfin business, reporting to Rocket Companies CEO Varun Krishna.

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Rocket acquiring Redfin for $1.75B

Real Estate News

The nations largest mortgage lender called Redfin a "data powerhouse" and said the union of the two companies will improve the homebuying experience.

Mortgages 256
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Could homebuyers find bargains this spring?

Housing Wire

The spring housing market is still trying to spring. Pending home sales inched up for the week with small gains but remained below numbers seen at this time last year. New listings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. There are plenty of weak signals in the housing market, of course.

Sales 419
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Should I Buy a Home Right Now? Experts Say Prices Are Only Going Up

Keeping Current Matters

At one point or another, you’ve probably heard someone say, “Yesterday was the best time to buy a home, but the next best time is today.

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Rocket’s Varun Krishna thinks Redfin deal can expand opportunities for broker network

Housing Wire

Monday’s breaking news that Rocket Companies is set to acquire online real estate brokerage Redfin shed light on the changing landscape of the homebuying marketplace. In an exclusive interview with HousingWire , Rocket CEO Varun Krishna said that having a hand in the entire real estate funnel gives Rocket’s broker network “a bigger piece of the pie.” “We think about it more like opportunity. … So when you look at Rocket’s strength in mortgage with Redfin

Branding 418
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Rocket Companies to purchase Redfin in $1.75B all-stock deal

Inman

Rocket Companies announced Monday its plans to acquire Redfin in an all-stock transaction valued at $1.75 billion in equity. This acquisition will integrate Redfin's home search platform, which features over 1 million listings and a network of 2,200 agents, with Rocket Companies' mortgage origination and servicing capabilities.

Equity 190

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Spring is near, but homebuying optimism has yet to bloom

Real Estate News

Fannie Maes latest sentiment survey shows that more consumers think mortgage rates will rise. And home sales activity is expected to remain relatively light.

Mortgages 184
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Realtor.com addresses housing supply gap in new report

Housing Wire

More than a decade of underbuilding has left the U.S. with a shortage of nearly 4 million homes, according to a new analysis from Realtor.com that was released Monday. This supply gap, which is stretching budgets for home purchases and rental units, is pushing homeownership increasingly out of reach. In a preview of the company’s 2025 Housing Supply Gap report, Realtor.com chief economist Danielle Hale shed light on the current pulse of housing vacancies. “Over the last decade or so,

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NAR CEO talks housing with top lawmakers

Real Estate News

Homeownership is one of Washingtons truly bipartisan issues, the associations chief advocacy officer said, while HUD freezes funding and considers crypto.

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How Mortiles use technology and vendors services to push title searches into the future

Housing Wire

Artificial intelligence (AI), predictive underwriting , and blockchain technology are becoming more common in todays real estate industry. As a result, professionals in the title and foreclosure industries must evolve to keep up with upcoming trends. However, long-standing challenges still persist within foreclosure firms, title and escrow companies, and title insurance underwriters.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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The agent as a brand: How to empower your individual identity

Inman

Tune in to Inman Access to learn more about personal branding and how to effectively communicate your unique value proposition.

Branding 158
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Maryland reverse mortgage bill withdrawn following industry dialogue

Housing Wire

A reverse mortgage-related bill that was introduced in the Maryland state Senate that would have put the onus on lenders to cover some extra expenses tied to the Home Equity Conversion Mortgage ( HECM ) origination process has been withdrawn by the sponsoring senator after conversations with reverse mortgage industry representatives. Senate Bill 831 would have required reverse mortgage lenders to establish a certain escrow account for the payment of eligible homeowner expenses and deduct a certa

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LIVE Product Demo: Hands on with Lofty’s Next-Gen Enterprise Platform

Inman

Curious to learn more about Lofty but not quite ready to talk sales? Well now's your chance! Mark your calendar for a webinar on April 15th at 10:45 AM PT / 1:45 PM ET Hosted by Inman’s technology lead - Craig Rowe, we’ll walk you through the platform, showcasing the features that make Lofty a game-changer for real estate teams and brokerages.

Brokerage 157
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Jason Mitchell Group announces merger with Arkansas-based iRealty

Housing Wire

The Jason Mitchell Group (JMG) couldnt have asked for a better two weeks. The Arizona -based brokerage announced Monday that it has merged with iRealty, a brokerage in Arkansas that boasts almost 200 agents and roughly 1,400 transaction sides per year. The move marks JMGs entry into Arkansas, the 42nd state where the brokerage has a footprint. JMG founder Jason Mitchell said that the iRealty leadership of Kristen Kennon and Jon Kennon will remain in their roles.

Brokerage 300
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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What will Stone Point do with its investment in Keller Williams?

Inman

Private equity firm Stone Point Capital is seeking to grow Keller Williams and ultimately cash out, analysts told Inman. That expansion could come from new tech, an IPO, or something else entirely.

Equity 146
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HomeVision, Restb.ai partner on AI in collateral underwriting

Housing Wire

HomeVision , a collateral underwriting and appraisal review platform, has partnered with artificial intelligence (AI) firm Restb.ai to integrate computer vision technology into real estate valuation processes. The collaboration will incorporate Restb.ais AI-powered image recognition into HomeVisions Machine Intelligence Review Assistant (MIRA) platform.

MLS 273
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Byron Allen sells unit inside NYC’s 220 Central Park South for $82.5M

Inman

The media mogul bought the 6,600-square-foot unit in 2023 for $75 million, and has clinched a healthy profit in an off-market deal. He also owns a smaller unit within the building.

Marketing 149
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John Burns: Rising property taxes are forcing retirees out of some states

Housing Wire

Rising property taxes are a thorn in the side of many Americans in today’s housing market. Older Americans in particular are feeling the brunt of higher tax payments in key metro areas and are being forced to move, a recent report concluded. John Burns Research & Consulting (JBREC), a leading real estate market research company, shared a chart on LinkedIn that highlights the areas where property taxes are highest for existing homeowners.

Marketing 269
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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More sellers are taking a hard-line approach with commissions: Intel

Inman

The most recent Intel Index data suggests that agents are beginning to track patterns in what's happening to their commission rates in response to the industry practice changes, and are less uncertain about how it's impacting their business.

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Columnist: Reverse mortgages have benefits that come with risks

Housing Wire

A reverse mortgage could have benefits for a qualifying borrower, but anyone considering these loans should also be mindful of the potential risks. This is according to nationally syndicated personal finance columnist Liz Weston in one of her latest pieces. A reader who asked Weston to weigh in on the product relayed the story of their 94-year-old mother, who took out a reverse mortgage in her late 60s thinking she would not live past her 80s.

Mortgages 221
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SoHo broker Keith Copley leaves Eklund | Gomes for Nest Seekers

Inman

Copley has specialized in SoHo's luxury market for 30 years and sold over 50 apartments on Greene Street alone, growing a client roster that includes celebrities, athletes and Fortune 500 executives.

Marketing 155
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Zoopla overhauls leadership team

Estate Agent Today

Zoopla has revealed a number of leadership changes, with Charlie Bryant stepping aside as chief executive. The portals former chief strategy officer Paul Whitehead has returned to the business as chief executive.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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The US is short 3.8M homes — Realtor.com wants to fix that

Inman

Despite builders best efforts, Americas 3.8 million housing gap wont be closed until 2032, according to a new analysis. Realtor.com is aiming to expedite that timeline with a new zoning campaign.

Closing 114
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Boost for buyers as mortgage rates drop but deals are moving fast

Estate Agent Today

Average mortgage rates have dropped to their lowest levels since before the Budget in October 2024 but buyers need to act fast to get them.

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BREAKING: Rocket Announces $1.75 Billion Acquisition of Redfin

RIS Media

In an announcement Monday morning, Rocket, the parent company of Rocket Mortgage, Rocket Homes and a handful of other mostly housing-focused entities, announced it is purchasing legacy portal and brokerage Redfin, marking a potentially significant power shift in the ongoing portal wars. In a statement, Rocket CEO Varun Krishna described the $1.75 billion all-stock deal… The post BREAKING: Rocket Announces $1.75 Billion Acquisition of Redfin appeared first on RISMedia.

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Modern-rustic home on 35 acres just outside Telluride, Colorado hits the market for $13.9M

Fancy Pants Homes

In the exclusive Gray Head subdivision of Telluride, Colorado, a newly listed 6-bedroom, 6-bathroom home with panoramic mountain views and a wide selection of amenities is up for grabs. Listed for $13,900,000 with Stephen Cieciuch at Telluride Properties, the sprawling 35-acre property borders National Forest Land and features two spring-fed ponds and the highest producing well in Gray Head — along with access to modern amenities like a yoga studio and a tennis court (with many more commun

Land 96
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Thriving Sarah Peters Team Boosts Women in Business

RIS Media

Above, Sarah Peters Sarah Peters had been teaching American history in scenic Bucks County, Pennsylvania for 15 years when the idea of selling real estate occurred to her. Bucks County is a charming and desirable place to live, and a real estate career, she thought, might offer new challenges and more flexible hours. Licensed in… The post Thriving Sarah Peters Team Boosts Women in Business appeared first on RISMedia.

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Whitney Cummings is looking for a buyer for $11M Woodland Hills home with designer interiors

Fancy Pants Homes

Stand-up comedian, 2 Broke Girls creator, and podcast host Whitney Cummings is parting ways with her charming West Valley home. Located in Woodland Hills, an affluent suburban community bordering the Santa Monica Mountains in the San Fernando Valley region of Los Angeles, the 5-bedroom home is a beautifully revamped Mediterranean sitting comfortably on a 4.05-acre lot.

Design 84
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Five Marketing Strategies Investors Should Use in 2025

Bigger Pockets

In the rapidly evolving landscape of real estate investing, staying ahead requires adopting innovative marketing strategies that resonate with modern consumers.

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Rocket Companies to Acquire Redfin in $1.75 Billion Deal

BAM Media

BAM Key Details: Rocket Companies is acquiring Redfin in a $1.75 billion all-stock deal, aiming to merge home search and mortgage services into a seamless digital experience. Redfin will continue operating under its brand, with CEO Glenn Kelman remaining in his role and reporting to Rocket CEO Varun Krishna. The deal, expected to close in Q2 or Q3 2025, will integrate Redfins 50 million monthly visitors with Rockets mortgage and title services to streamline homebuying.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.