Rocket to buy Redfin for $2.4 billion
View Original Article →Published: 3/10/2025
**Rocket to buy Redfin for $2.4 billion**
By Martin Peers
2 hours ago
Source: The Information
Mortgage firm Rocket agreed to buy Redfin at a valuation of $2.4 billion, a 50% premium to where the real estate brokerage has been trading. The companies said the deal would unite firms engaged with two sides of the home buying sector.
The deal follows a difficult period of several years for Redfin, which went public in 2017, when it was still growing quickly. But its growth tailed off a couple of years ago and in 2023 revenue shrank, before recovering a little last year.
Rocket hopes the purchase will help lift its mortgage growth, by matching home buyers with "the best real estate agents and the best loan officers" at the companies.