Rocket-Redfin deal threatens to raise home prices, US Senate Democrats say
( June 4, 2025, 13:00 GMT | Official Statement) -- MLex Summary: Real estate fintech platform Rocket Companies' acquisition of digital real estate broker Redfin "creates a massive housing company that threatens to reduce choice and raise prices for American families in the housing market," Democratic US Senators Elizabeth Warren, Tina Smith, Bernie Sanders, Mazie Hirono and Cory Booker wrote in an open letter to US Department of Justice antitrust chief Gail Slater and Federal Trade Commission Chairman Andrew Ferguson. The senators requested an explanation as to why the agencies had allowed the antitrust review waiting period for the Rocket-Redfin deal to expire, and encouraged Slater and Ferguson "to closely scrutinize Rocket’s acquisition spree as a whole for anticompetitive harms to small businesses and consumers in the housing market."Statement follows below. See attached file....
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