Rocket makes US$11B bid to dominate the homebuying process [BNN Bloomberg (Canada)]
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: BNN Bloomberg
The goal: make everything run through Rocket, from start to finish. In Rocket's vision of the housing market, buyers and sellers will connect through Redfin Corp., the home-search platform it agreed to purchase for $1.75 billion earlier this month. Then homebuyers in need of a mortgage will turn to Rocket, which has become the No. 3 player in an industry once dominated by banks. And, finally, that loan will need servicing, which can be done by Mr. Cooper Group Inc., which Rocket announced on Monday that it will buy in an all-stock deal valued at $9.4 billion. “This deal doesn't just signal consolidation, it marks a fundamental shift in how homeownership services are structured, delivered and scaled through technology and vertical integration,” Kirill
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News
- Redfin Reports 68% of Condos Sold Below List Price in February—the Highest Share in 5 YearsBusiness Wire
- Redfin Reports Spring Brings Record-High Monthly Housing Costs, Keeping Pending Home Sales at BayBusiness Wire
- Redfin Publishes 2025 Industry SurveyBusiness Wire
- Big City Comeback: Homebuyer Competition Is Rising Fastest in the Bay Area, New YorkBusiness Wire
- Rocket makes $11 billion bid to dominate the homebuying process [Fortune]Fortune
RDFN
Earnings
- 2/27/25 - Miss
RDFN
Sec Filings
- 3/31/25 - Form 425
- 3/31/25 - Form 425
- 3/31/25 - Form 425
- RDFN's page on the SEC website