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.
Category: nashville
Tool Kit: How to be a Wonder Woman in real estate
In celebration of International Women’s Day, trainer Rachael Hite highlights four traits top women in real estate share and provides resources to help you become your own superhero.
Hsieh returns to LoanDepot as Frank Martell steps down as CEO
Martell will transition into a board advisory role by June and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday.
The Real Brokerage posts billion-dollar revenue benchmark in 2024
The Real Brokerage brought in more than 10,000 new agents in 2024 while surpassing a $1 billion in annual revenue, according to fourth-quarter and fiscal-year earnings Thursday.
As JVs struggle, Rate names top salesman to head retail mortgage
Guaranteed Rate Inc.’s retail mortgage operations named Shant Banosian as president on Tuesday as joint ventures with Compass and Anywhere Real Estate strove to generate profits.
Rocket Homes off the hook as Trump’s CFPB drops lawsuits
RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership.
Pending home sales fall 4.6% to an all-time low, NAR says
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year.
Offerpad losses mount as iBuyer acquires and sells fewer homes
At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent..
Airbnb hosts leave site over co-founder’s DOGE work
Airbnb co-founder Joe Gebbia has pledged to work for the Department of Government Efficiency. Airbnb hosts aren’t happy about it.
Trending: Duo’s demise, dislikes and the cost of comparison
Social media connects us, but at what cost? From Instagram’s “dislike” button to the pressure of comparison, Jessi Healey examines how these shifts affect mental health and engagement.