This has to be a positive development

[TerryRohrer]

Dan Gilbert's Rocket Companies to buy real estate brokerage firm Redfin in $1.75B deal​

Rocket is Buying Redfin

Glenn Kelman employee email about Rocket acquisition of Redfin.

www.redfin.com

 

[Non Sequitur]

The big get bigger, not sure if that's ever a good thing in the real estate space.

 

[Surf Cat]

It's hard to fly straight in real estate when everyone else is flying sideways.....

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Rocket Mortgage in December 2024, alleging that Rocket Mortgage engaged in an illegal kickback scheme to steer borrowers to their mortgage services by providing incentives to real estate brokers and agents. The lawsuit also accused Rocket Mortgage of requiring brokers and agents to steer clients away from other competing lenders and preventing them from sharing valuable information with clients about products not offered by Rocket Mortgage, such as down payment assistance programs.

 

[Bobby Bucks]

Check out your local offices and agents affiliated with Redfin and you’ll discover all you need to know.

 

[glenn walker]

The new head of CFPB is dropping those cases Biden started at end of his term. Those were Chopra's last attacks on business before he was given his walking papers. The venture between Rocket and Red Fin is a good fit.

 

[Tom D]

Appraising is in the trash can of dead businesses. Most of us made it thru somewhat alright, but the younger crowd may have the most to suffer soon.

The realtor org puts out a lot of r.e. data, but based more on macro areas, than the micro areas we deal with. Differnent parts of the country aren't always reacting the same. But at this point of extinction i don't care anymore. I have other business to keep me busy in my old age retirement life.

 

[glenn walker]

Appraising is in the trash can of dead businesses. Most of us made it thru somewhat alright, but the younger crowd may have the most to suffer soon.

The realtor org puts out a lot of r.e. data, but based more on macro areas, than the micro areas we deal with. Differnent parts of the country aren't always reacting the same. But at this point of extinction i don't care anymore. I have other business to keep me busy in my old age retirement life.

**** happens i was talking to a funeral director a few months ago and he was saying it's a dying business as today versus his past 40 years more people are cremated than buried. His family owned funeral homes 100 years in business are setting up a Crematorium in a business park and closing the funeral homes. But even prices of cremation has gone down as more open and family's can buy earns and other things cheap on internet.

We often don't realize how many old legacy business are closing. . In California 350 auto parts stores closing in June because nobody can fix new cars themselves unless there 20 years or older and the parts got so expensive. Not just appraisers. We outlasted many professions that died over the last 20 years.

 

[Surf Cat]

Postscript: Rocket Mortgage Attacks Appraisers

In addition to washing their hands of appraisal-related responsibility (and liability), Rocket Mortgage has also launched several social media advertisements that reference appraisers in a derogatory way, including an advertisement which starts with: "The only thing worse than having an appraiser come to your house is preparing your home for an appraisal," and then goes on to pitch Rocket's Automated Valuation Model for its Home Equity Lines of Credit (HELOC) product. To view Rocket's social ad online visit: WorkingRE.com/Rocket-Social.

 

[ucbruin]

Postscript: Rocket Mortgage Attacks Appraisers

In addition to washing their hands of appraisal-related responsibility (and liability), Rocket Mortgage has also launched several social media advertisements that reference appraisers in a derogatory way, including an advertisement which starts with: "The only thing worse than having an appraiser come to your house is preparing your home for an appraisal," and then goes on to pitch Rocket's Automated Valuation Model for its Home Equity Lines of Credit (HELOC) product. To view Rocket's social ad online visit: WorkingRE.com/Rocket-Social.

It's probably true....

 

[ZZGAMAZZ]

**** happens i was talking to a funeral director a few months ago and he was saying it's a dying business as today versus his past 40 years more people are cremated than buried. His family owned funeral homes 100 years in business are setting up a Crematorium in a business park and closing the funeral homes. But even prices of cremation has gone down as more open and family's can buy earns and other things cheap on internet.

We often don't realize how many old legacy business are closing. . In California 350 auto parts stores closing in June because nobody can fix new cars themselves unless there 20 years or older and the parts got so expensive. Not just appraisers. We outlasted many professions that died over the last 20 years.

I talked for a long time yesterday with a jeweler who explained the evolution of the "lab grown diamond" industry, including his perspective about their environmental impact versus natural diamonds, pricing, international competition for production, comparative pricing, generational perspectives about the aesthetic value of natural diamonds, etc., etc. [I was just wondering whether a guy on his knees proposing to his favorite gal "should" disclose that the ring he is offering isn't a traditional diamond. Also interesting IMO was that the jeweler said there was no way that even he could tell the difference without scrutizing the item, although one is 80% - 90% less expensive...}