Rocket Companies to Acquire Redfin in $1.75 Billion Deal

The acquisition aims to create an integrated real estate and mortgage platform, uniting Redfin’s listings and agents with Rocket’s lending services.

Rocket Companies announced a $1.75 billion all-stock acquisition of Redfin, valuing Redfin shares at $12.50 each, a 63% premium over its recent average price.
The combined company plans to streamline the home-buying process by integrating Redfin’s home search and brokerage services with Rocket’s mortgage and financing solutions.
Redfin CEO Glenn Kelman will continue leading the brokerage under Rocket’s umbrella, with the deal expected to close in the second or third quarter of 2025 pending shareholder approval.
Rocket anticipates over $200 million in synergies by 2027, including $140 million in cost savings and $60 million in revenue growth from cross-selling services.
The acquisition highlights ongoing consolidation in the real estate sector as companies adapt to a challenging housing market with high mortgage rates and low sales volumes.