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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.
The nationwide inventory shortage 3.8 million homes is reaching a point of no return in some parts of the country though new construction is increasing.
As spring rolls around, so does tax season. Some people look forward to filing their returns and anticipating a nice refund check. Others cringe, dreading the amount they may owe. Either way, many procrastinate, pushing it off until the last possible minute before scrambling to get everything in order by the April 15th deadline. On a related note, spring is also one of the busiest times of the year for the real estate market.
Mortgage applications increased 11.2% on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending March 7, 2025. On an unadjusted basis, the index increased 12% compared to last week. The refinance index saw a 16% uptick from the previous week and was 90% higher than the same week one year ago, largely driven by a dip in the 30-year fixed rate observed by the MBA.
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.
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.
Gino Blefari denied a Wall Street Journal report of acquisition talks with Compass, saying there are no discussions, negotiations or agreements taking place.
A deeply affordable, fully subsidized apartment building has opened on a former Woodhull Hospital parking lot in Bed Stuy offering housing for low-income seniors and others as well as patients of the NYC Health + Hospitals system who are experiencing homelessness. It is the second of a two-building complex to… Read More > The post Supportive Apartments for Homeless Discharged From ER Open at Woodhull appeared first on Brownstoner.
A deeply affordable, fully subsidized apartment building has opened on a former Woodhull Hospital parking lot in Bed Stuy offering housing for low-income seniors and others as well as patients of the NYC Health + Hospitals system who are experiencing homelessness. It is the second of a two-building complex to… Read More > The post Supportive Apartments for Homeless Discharged From ER Open at Woodhull appeared first on Brownstoner.
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.
The value of America's nearly 100 million homes hit $49.7 trillion at the end of 2024, as the combined net worth of the wealthiest 1 percent of Americans hit a record $49.2 trillion, according to a Redfin analysis.
The brokerage giant "is in advanced talks" to buy HomeServices of America, the real estate arm of Warren Buffet's empire, the Wall Street Journal reports.
Are you feeling a bit uneasy about the housing market lately? You're not alone. For years, it felt like home prices could only go up, up, up! But whispers of a potential slowdown, or even a downturn, are getting louder. If you're a homeowner or hoping to become one, understanding where the risks are highest is crucial. So, which areas should you be watching closely?
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.
Mortgage rates are declining, and recent purchase application data shows a promising 9% week-to-week increase and a 2% rise compared to the previous year. Does this indicate that the housing market is beginning to wake up just in time for spring? While I wouldn’t say we’re experiencing a full revival just yet, the latest data suggests a stabilization.
Keeping sellers in the loop isnt just about providing updates, coach Darryl Davis writes. Its about reinforcing confidence and, more importantly, earning their trust.
Today, Real Brokerage announced that Sharran Srivatsaa will be stepping down from his role as President and transitioning to a new role with the company. In an email to Real agents , Srivatsaa explained his next move: As I step back from my day-to-day operating role at Real, I am stepping into a very important role for the future of the company where I will be a member of Reals Board of Directors.
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.
Employment in the Washington, D.C. housing market is anything but stable right now and residents are feeling it. According to D.C.’s Department of Employment Services, nearly 12,000 federal employees have filed initial unemployment claims amid widespread cuts enacted by Elon Musk and his DOGE agency. We’re tracking the Washington D.C. housing market using weekly data from Altos, which includes more than 60 different data points on every metro area in the country, to see how employme
Thoughtfully designed common spaces in multifamily communities, Michael Zaransky writes, strengthen resident engagement, deepen the sense of belonging and, ultimately, enhance retention.
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.
With the National Association of Realtors ( NAR ) reportedly set to vote on the future of its Clear Cooperation Policy (CCP) in the not-too-distant future, the leader of Coldwell Banker Realty is not holding back her feelings about the controversial rule. In an op-ed published Wednesday by Newsweek, Coldwell Banker president and CEO Kamini Lane let loose about the potential repeal of CCP, which requires brokers to list a property on the MLS within 24 hours of publicly marketing it.
From chief marketing officers to communications professionals, Inmans 2025 Marketing All-Stars award celebrates 99 of the most creative and boundary-pushing marketers that drive success and impact across the real estate industry.
Got a project to propose forThe Insider?Contact Cara at caramia447 [at] gmail [dot] com A reimagined home for a family of five began when an opportunity presented itself to buy a sizable one-bedroom unit adjacent to the loft they'd been living in. The ensuing reno entailed upgrading their original corner space… Read More > The post The Insider: Architect Melds Two Units to Create Expansive Loft for Dumbo Family appeared first on Brownstoner.
States like California, Florida and New York have long been top picks for people deciding on their next move. Recently though, some states have had major upticks in residents, due to their top industries, low taxes, warm weather and more. Based on recently released census information, the National Association of REALTORS (NAR) released a detailed… The post Moving on in: The Top 10 States People Are Moving to, According to NAR appeared first on RISMedia.
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.
Compass is in advanced talks to acquire HomeServices of America , the real estate wing of Warren Buffett-owned conglomerate Berkshire Hathaway. The news was reported Thursday afternoon by The Wall Street Journal. The outlet cited unnamed sources and said that a deal could come together soon, if talks dont hit any last-minute snags. The deal involves two of the nations top-four brokerages by sales volume in 2024, according to data from RealTrends Verified.
Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman shared with Inman why they agreed to merge as part of a $1.75 billion acquisition. AI, data and a complete consumer experience were at the center of it.
This entire housing cycle I’ve argued that we would NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. Yesterday, CoreLogic reported on homeowner equity: CoreLogic: Borrowers Gained Over $280B in Home Equity in 2024 CoreLogic® … today released the Homeowner Equity Report (HER) for the fourth q
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.
San Francisco-based real estate technology firm RealScout on Thursday announced that its making its RealScout Exclusives platform available to all brokerages. The platform is designed to help agents and clients effectively manage and distribute their exclusive listings. RealScout said that the nationwide launch of the platform follows years of successfully powering exclusive listing strategies for leading brokerages.
While mortgage originations were up 34 percent from a year ago, to $7.2 billion, company executives said they don't expect lending to surpass $5.5 billion in Q1 2025.
If you need to sell your home right away and prefer incredible speed and convenience over higher proceeds, a house-buying company can be a solution. You could get started by contacting separate We buy houses businesses, or you can use a cash-buyer marketplace platform like Clever Offers. In this post, we provide an easy-scan overview of this cash-for-homes service and how it works.
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.
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