HousingWireHousingWire Rocket Companies hopes to close a $1.75 billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage‘s pending $1.75 billion deal for Redfin. At the ICE Experience 2025 conference, the…
Continue reading →HousingWireHousingWire The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. Many who bought during the pandemic are now rethinking their decisions, citing changing lifestyles, financial miscalculations, and shifting market conditions, according to new data from Opendoor. A survey of 1,000 first-time sellers found…
Continue reading →HousingWireHousingWire Truework bolstered its mortgage technology platform by creating a new tool, Truework Intelligence, the company announced on Thursday. The platform will give property managers and mortgage lenders access to a comprehensive, end-to-end verification tool. Truework calls the new and improved platform the first automated and comprehensive income verification tool….
Continue reading →HousingWireHousingWire The U.S. remodeling industry reached $600 billion in value following the COVID-19 pandemic. Despite recent softening in 2022 and 2023, it still remains 50% above pre-pandemic levels. But industry fragmentation, inflation and a shortage of skilled trade labor jeopardize the ability of the industry to fully meet demand, according…
Continue reading →HousingWireHousingWire After taking the time to digest elements of a proposal from lawmakers in Hawaii, the National Reverse Mortgage Lenders Association (NRMLA) has expressed support for a measure to establish a state-run Home Equity Conversion Mortgage (HECM) program there. In a letter submitted by NRMLA to sponsor lawmakers at the…
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