Fathom Holdings acquires major brokerage player in Arizona
The quickly growing company said the acquisition of My Home Group will help bolster brokerage transactions as well as mortgage and title services.
Fathom Holdings — rapidly expanding parent company to Fathom Realty, Verus Title, intelliAgent, Real Results, and other tech products — today announced the acquisition of the Arizona-based brokerage My Home Group. The move comes just weeks after Fathom Holdings raised $5 million to help bolster its agent growth and transaction count and after agreeing to pay nearly $3 million to settle class-action commissions lawsuits.
Buying into Arizona: Fathom says the acquisition of My Home Group will bring 2,200 agents who transact roughly 12,000 deals annually under its marquee and raise its nationwide agent count to 14,500. The Arizona-based brokerage was founded in 2005 and is the 27th ranked brokerage by transaction volume, the company said. According to the 2023 T3 Sixty Real Estate Almanac, My Home Group was ranked as the 33rd biggest brokerage in the country with $6.8 billion in 2022 sales volume via nearly 15,000 transaction sides.
Why the deal matters: Arizona was one of the hottest markets during the pandemic-fueled housing boom, seeing significant price growth and demand. While the Phoenix market has cooled down from pandemic highs, and seen a noticeable uptick in inventory, the popular metro still presents tremendous opportunity and the acquisition of My Home Group furthers Fathom Holdings' goals, the company said, particularly with boosting brokerage transactions and in tying in mortgage and title services.
What the leaders said: "Arizona's real estate market presents significant opportunities, and My Home Group's agent-focused approach aligns seamlessly with Fathom's culture," Fathom Holdings CEO Marco Fregenal said in the announcement. "This acquisition strengthens our Southwest expansion, amplifying our presence in key markets and advancing our vision of sustainable, nationwide growth."
"Our merger with Fathom is a major milestone in accelerating business development for our agents and organization," said My Home Group co-founder Jereme Kleven. "It aligns perfectly with our core values, empowering agents to expand rapidly and gain access to enhanced technology, a deeper leadership bench, and revenue sharing to significantly shortening their path to success."