Rocket to buy Redfin, consolidating home listings and mortgage lending in one shop

Real estate, mortgage and personal finance rocket companies say that the online broker REDFIN will buy $ 1.75 billion in the last consolidation of residential real estate business in one of the slowest household periods.

The deal combined the rocket, the large mortgage provider, a business and more than 2,200 agents’ brokerage services with REDFIN online lists. The Hunters of the house with the REDFIN database, which are working with Redfin agents, can eventually be linked for missile mortgage or title services.

“Missile and Redfin have a better way to buy and sell houses,” said Krishna, CEO of the missile. “Together, we will improve the experience, connecting traditionally incomparable steps, which are leading with advanced technology, reduce costs and increases the value of American households.”

Detroit-based missile values ​​REDFIN shares are $ 12.50, more than twice the price of $ 5.82 on their Friday. Redfin shareholders can exchange each of their shares for 0.7926 shares of the rocket fund. The transaction is scheduled to be closed in the second or third quarter of 2025.

Fry BootyRdfnIn the case of Monday shares increased by 76% and amounted to $ 10.30 After the transaction is announced. Missile (:Ghost) The shares have decreased from more than 14% to $ 13.50.

The missile increased by 34% in 2024 and amounted to $ 5.1 billion, but it still brings back the company’s boom. In 2020, the rocket reached more than $ 15.7 billion.

Read more: Missile Mortgage Review 2025

Redfin, located in Seattle, was founded in 2004 in the first days of online real estate lists and was published in 2017. Before dealing with the missile, its shares lost more than 90% of its value from its 2021 peaks.

Mortgage lenders, brokers and other apartment companies are combined, or, in some cases, completely closed in the long-term home sales decline, from high indicators and about record prices. The brokerage compass agreed to buy a $ 444 million transaction by Kristi’s international real estate last year.