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Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. Rocket, parent company of Rocket Mortgage, has seen a bump in the road to its planned acquisition of brokerage, portal giant and mortgage originator Redfin. Bruce Miller, an investor at Redfin, is suing to…
The post Mortgage Mix: Rocket’s Acquisition of Redfin Hits Bump; United Posts Loss appeared first on RISMedia.
Rocket Companies, ahead of the completed acquisition of Mr. Cooper and the deal to purchase Redfin, continued to see high revenues and other success in its recent Q1 2025 earnings call. The company reported a Q1 adjusted revenue of $1.3 billion, which executives said came in “at the high end of our guidance range.” This…
The post Rocket Talks Mr. Cooper and Redfin Deals, Touts AI on Earnings appeared first on RISMedia.
In today’s dynamic real estate landscape, the demand for move-in-ready homes has surged, reflecting a significant shift in buyer preferences. Recent studies from Bright MLS and others indicate that a vast majority of potential buyers, about 77%, are unwilling to consider properties that aren’t move-in ready. This trend underscores the importance for real estate brokerages…
The post Why ‘Improve-to-Sell’ Programs Are the Future of Real Estate appeared first on RISMedia.
CoStar is significantly expanding its international footprint with an acquisition of the Australian portal Domain, one of the largest real estate consumer websites down under, according to regulatory filings yesterday. The deal was previously proposed months ago, with CoStar Group CEO Andy Florance telling investors earlier this year his company could bolster Domain to compete…
The post CoStar Snatches Up Another Residential Portal, Faces Familiar Rival appeared first on RISMedia.
Compass, Inc., the nation’s largest real estate brokerage by sales volume, reported its revenue hit $1.4 billion in the first quarter of 2025, a jump of 28.7% year-over-year, brokerage executives announced Thursday during its Q1 earnings call. The tech-focused brokerage said the positive revenue growth was driven by a 27.8% increase in transactions year-over-year despite…
The post Compass Posts Nearly 30% Jump in Revenue; Reffkin Doubles Down on Private Listings appeared first on RISMedia.