The latest on Redfin

The announcement comes days after Zillow said it will begin banning listings that are publicly marked but off the MLS at the end of June.

Rocket posted a significant loss in Q1 but said its recent deals create a “super funnel” for the company and a “beautiful, end-to-end experience” for consumers.

Despite declines in key metrics, Redfin CEO Glenn Kelman was upbeat, saying employees were “over the moon about Rocket's vision of a home-ownership platform.”

A JD Power analyst says the acquisition could move the industry closer to the “super app” approach and disrupt the lending world, but it won’t shut out agents.

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.

The nation’s largest mortgage lender called Redfin a "data powerhouse" and said the union of the two companies will improve the homebuying experience.

Revenue was up 12% in Q4, but losses increased. The company hopes cost savings, marketing and a stronger sales team will get it back in the black in 2025.

A new rentals partnership is a “win-win” that seems to have moved the real estate rivals closer together — and could potentially influence a bigger deal.

The company, which signed an exclusive listings partnership with Zillow on Feb. 11, will complete the layoffs in July as it restructures its rentals segment.