Rocket: Redfin acquisition will cut consumer transaction costs by half

Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes. Continue reading

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. Continue reading

Rocket’s $649M Q4 profit puts the company in the black for 2024

In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29 percent, to $101.2 billion, and higher profit margins on those loans helped boost net revenue by 34 percent, to $5.1 billion. Continue reading

Windermere reinforces DEI pledge with appointment of new director

Brooks Glenn will serve as the Seattle-based brokerage’s diversity, equity and inclusion director. President OB Jacobi said Windermere “feels strongly” that now is the time to bolster DEI efforts. Continue reading

Homebuyers gain leverage as sellers cut prices: Zillow

Prospective homebuyers have a better shot at securing a dream home as sellers continue to lower listing prices, according to a recent analysis by Zillow. Despite persistently high mortgage rates, buyers are capitalizing on these price reductions to neg… Continue reading

Goal! C21 kicks off partnership with Major League Soccer

Century 21 and Major League Soccer announced the partnership on Tuesday. MLS fans will see Century 21 ads and commercials at key league events, leading up to the 2026 FIFA World Cup. Continue reading

Rocket Companies takes Super Bowl ad rivalries to new heights

Rocket’s 60-second “Own the Dream” Super Bowl ad featured a live singalong by thousands of fans to John Denver’s “Take Me Home, Country Roads.” Continue reading

Housing market challenges aren’t over yet, Barbara Corcoran warns

Mortgage rates have inched downward, with the 30-year fixed rate falling down “by a fraction of a point to 6.96 percent,” Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday. However, Corcora… Continue reading

Home prices continued to climb in most US metro areas in Q4: NAR

Home prices have continued their upward trend in Q4 2024, with 89 percent of U.S. metro areas seeing an increase in single-family existing-home prices, according to data released Thursday by NAR. Continue reading

Tony Hawk calls homeownership ‘saving grace’ during career slump

Inman Connect San Diego keynote and skateboarding icon Tony Hawk appeared on SoFi’s Richer Lives podcast and shared how his first home purchase saved his family during a financial dry spell. Continue reading