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Fathom Holdings Acquires START Real Estate to Scale First-Time Homebuyer Program Nationally
Yahoo Financeยท 2025-10-24 12:07
Core Insights - Fathom Holdings Inc. has announced the acquisition of START Real Estate, targeting the first-time homebuyer market, which is a significant and growing segment in the US housing industry [1][4]. Group 1: Acquisition Details - START Real Estate specializes in assisting first-time homebuyers and has a successful operational model [2]. - The brokerage is based in Colorado and has recently expanded into Utah, employing 70 agents projected to close approximately 400 transactions this year, with a mortgage attach rate exceeding 70% [2]. Group 2: Strategic Goals - Fathom aims to leverage its national presence, which includes approximately 15,000 agents across 43 states and Washington D.C., to expand START's first-time buyer program into new markets [4]. - The acquisition is expected to enhance Fathom's transaction volume and agent count while increasing higher-margin recurring revenue from ancillary services [4]. Group 3: Company Overview - Fathom Holdings Inc. operates a comprehensive real estate services platform that integrates residential brokerage, mortgage, title, and insurance services in the US [5]. - The company functions through three main segments: Real Estate Brokerage, Mortgage, and Technology [5].