Remove Mortgages Remove Purchase and sale agreement Remove Technology
article thumbnail

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.

article thumbnail

Zillow is still in the red, but its major revenue streams are rising

Housing Wire

This agreement is really a great win-win, Zillow CEO Jeremy Wacksman said on the earnings call. Its mortgage origination business is one of the companys links in the end-to-end transaction, and its revenue in this category continues to rebound after it peaked during the post-COVID housing boom.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Flyhomes acquires Home Sale Assured

Housing Wire

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. Meadow has 25 years of mortgage industry experience.

article thumbnail

NFT mania and the future of the home sale

Housing Wire

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 For example, purchasing an NFT of a JPEG of a painting transfers the intellectual property rights of the painting. But Ethereum was the first with a blockchain that enabled NFT sales. That’s when a 70-year-old brick home in the St.

Sales 501
article thumbnail

What happens next for mortgage lenders after the Fed rate cut?

Housing Wire

But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days? Long-term mortgage rates will fall if economic data indicates a weakening economy. Mortgage rates are data-dependent.

Mortgages 448
article thumbnail

Waters calls on FTC to review ICE’s $13B Black Knight deal

Housing Wire

Powerful House Financial Services Committee Chairwoman Maxine Waters wants regulators to closely scrutinize the proposed $13 billion purchase of Black Knight by Intercontinental Exchange (ICE). ” Waters said that ICE, which owns the New York Stock Exchange , has juiced prices before. servicing market.

article thumbnail

Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.” The annual investment volume in the U.S.

Equity 468