Redfin CEO offers candid take on Rocket acquisition
In an interview with the Puget Sound Business Journal, Glenn Kelman said the brokerage would have ‘been stripped for parts’ if bought by a different company.
March 13, 2025
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Mortgage rates are falling, but economic uncertainty growsRates fell to the lowest level in two months — good news for affordability — but pending sales also dipped, and declining confidence may keep buyers sidelined.February 27, 2025
- Home price growth hasn't been this slow for a decadePrices are still going up, but 2024 ended with just 4.5% annual growth. Regionally, the Northeast is still going strong, while the Sunbelt has cooled.February 26, 2025
- Are new homes starting to get bigger?Following years of declines, the square footage of single-family home starts was up at the end of 2024. If mortgage rates ease, that trend could continue.February 25, 2025
- Fewer agents are switching brokeragesWhile agents tend to shop around in January, movement was unusually subdued last month. To woo top talent, brokerage leaders may have to get creative.February 24, 2025
- Existing home sales stalled last month, but demand is lurkingWhile down sharply from December, sales are off to a better start vs. 2023 — and buyers who can handle elevated rates have fresh inventory to choose from.February 21, 2025
- eXp revenue up as it looks to excel in a down marketAnticipating a slow recovery, company leaders said they’re focused on efficiency and agent productivity. Revenue rose 7% in 2024, but net losses were also up.February 20, 2025
- Mortgage rates seem stuck — so what will bring back buyers?Rates have dipped slightly, but demand is weak. Agents hope rising inventory and increased bargaining power will prompt more buyers to move forward this spring.February 20, 2025
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- Home construction projects stall as builder outlook plungesHousing starts fell in January, and builders are less optimistic about the next six months as new federal policies could increase costs and reduce workforces.February 19, 2025
