Price$14.31-0.29 (-1.95%)
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News · 26 weeks169-23%
2026-01-182026-07-12
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Latest news
25 items- PRHome Sellers Outnumber Buyers 2 to 1 in Miami, Nashville, and Much of Texas, The Nation’s Strongest Buyer’s MarketsRedfin reports there were almost half a million more home sellers than buyers in the U.S. in June, equal to 48.5% more. That means buyers hold the negotiating power.There were an estimated 48.5% more home sellers than buyers in the U.S. housing market in June, down just slightly from 48.7% the month before and a peak of 50.1% in December. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.When sellers outnumber buyers, buyers typically have more negotiating power because they have options. That’s why a market with a lot more sellers than buyers is considered a buyer’s market. Redfin defines a market where there are over 10% more sellers than buyers as a
- PRRedfin Reports U.S. Home Prices Hit All-Time High, Driven in Part By Big Upticks in San Francisco and West Palm BeachPrices rose 2.2% year over year in June to a record high, mainly due to growing demand. Existing U.S. home sales ticked up to a seasonally adjusted annual rate of 4.4 million, the highest level since 2022. Pending home sales reached their second-highest level since 2023. New listings trended down, declining 1% month over month to their lowest level since December. Some of the nation’s strongest buyers’ markets had the biggest declines. The median U.S. home-sale price rose 2.2% year over year to an all-time high of $408,776 in June. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. existing-home sales ticked up 0.1% month over month t
- PROpenAI, Anthropic Employees Could Buy Nearly One-Third of All Homes in San Francisco With IPO EarningsA new Redfin analysis estimates how much Bay Area real estate OpenAI and Anthropic employees could hypothetically purchase with their IPO earnings, in the wake of two massively valuable AI companies filing confidentially to go public OpenAI employees could buy 20% of all homes in San Francisco, or 15% of all homes in San Jose Anthropic employees could purchase almost 1 of every 10 homes in San Francisco, or about 7% of Oakland’s real estate With the wealth created through the two massive AI public offerings coming down the pipeline, current and former employees of OpenAI and Anthropic could buy nearly one-third (29%) of all homes in San Francisco, where both companies are headquar
- PRU.S. Pending Home Sales Rise to Highest Level in 6 WeeksRedfin reports pending home sales ticked up as housing payments temporarily dipped down U.S. pending home sales rose 1.3% from a week earlier to their highest level since the first half of May during the four weeks ending July 5. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. This data is seasonally adjusted. Homebuying demand picked up partly because of temporarily declining mortgage rates. The weekly average rate dipped to 6.43% on July 2, its lowest level in six weeks, as negotiations between the U.S. and Iran to end the war eased financial turmoil. That pushed the median monthly housing payment down to $2,598, its lowest level in six weeks
- PRThere Are Now Only 5 Major Metros Where a Typical Luxury Home Costs Less Than $1 MillionRedfin reports Detroit is the most affordable metro for luxury homes, with a median price of $719,252—47.7% less than the typical luxury home nationwide, $1,374,470 The typical luxury home costs less than $1 million in five of the top 49 most populous metros, down from eight in 2025. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. The most affordable metro for buying a high-end home is Detroit, MI where the median sale price for a luxury home was $719,252 in May—47.7% less than the typical luxury home nationwide. "The Detroit area has a lot of beautiful, high-end homes that are affordable here but would cost millions of dollars if they were i
- PRThe Typical Luxury Home Costs 9 Times More Than the Typical Non Luxury Home in These South Florida ‘Wealth Magnet’ MetrosRedfin reports nationwide, the typical luxury home costs 3.6 times more than the typical non-luxury home, little changed from last year’s ratio of 3.5 The typical luxury home in West Palm Beach sold for $4.5 million, 8.9 times more than the typical non luxury home that sold during the three months ending in May. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. The South Florida metro has the biggest luxury home price premium among the 49 most populous U.S. housing markets, followed closely by neighboring Miami, where the typical luxury home sold for 8.8 times more than the typical non-luxury home. Next but with a much smaller luxury home price
- PRRedfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record HighPending home sales increased 0.4% week over week The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin’s analysis is condensed this week due to the July 4th holiday. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 6.54% (June 30) Down from 6.65% one week earlier Down from 6.86% Mortgage News D
- PRMost Homeowners See Their Home as a Reflection of Who They Are; Most Renters See It as Just a Place To LiveA recent Redfin survey shows that most homeowners (72%) feel a sense of belonging in their neighborhood, and 71% have a neighbor they consider a friend Nearly three-quarters (74%) of U.S. homeowners would rather be at home than anywhere else, according to a recent survey commissioned by Redfin, the real estate brokerage powered by Rocket. Homeowners were about as likely to agree that their home is a reflection of who they are (74%), and that they feel a sense of belonging in their neighborhood (72%). Most Homeowners Would Rather Be Home Than Anywhere Else, Feel Sense of Belonging in Neighborhood How much do you agree or disagree with the statement below? Share of homeo
- ANALYSTThe Benchmark Company initiated coverage on Rocket Companies with a new price targetThe Benchmark Company initiated coverage of Rocket Companies with a rating of Buy and set a new price target of $21.00
- PRLuxury Home Prices Are Rising Three Times Faster Than Non-Luxury PricesRedfin reports luxury prices are rising fastest in Tampa and Miami, partly due to an influx of ultra-wealthy people moving into Florida The median U.S. luxury home sale price rose 4.7% year over year to $1.37 million during the three months ending May 31—more than triple the 1.5% gain in non-luxury sale prices. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. Luxury prices are increasing largely because demand for luxury homes is on the rise. Pending sales of luxury homes rose 5.2% year over year—the largest gain since December 2024. That’s compared with a 3.6% gain in non-luxury pending sales, which is a deceleration from the month before. Hi
- PR19% of House Hunters Are Looking to Relocate—And They’re Headed to the Sun BeltRedfin reports Florida, Las Vegas and Phoenix are the most popular destinations, with many movers chasing affordability and sunshine New York, Seattle, Los Angeles and other expensive metros top the list of places people are leaving; when people leave those places, they typically go to sunny Sun Belt locales Roughly one in five (19.1%) U.S. house hunters looked to move from one part of the country to another in the first quarter. That’s up slightly from 18.9% a year earlier and the highest share in records dating back to 2021, according to a new report from Redfin, the real estate brokerage powered by Rocket. A record portion of Americans are looking to relocate partly because of a
- PRAmericans Across Party Lines Back Policies to Improve Housing Affordability: Redfin SurveyMost Republicans and Democrats believe there should be federal policies to tackle the housing affordability crisis 85% of Democrats say there should be first-time buyer tax breaks, and so do 77% of Republicans These survey results align with broad bipartisan support behind the federal ROAD to Housing Act recently passed by Congress Most Americans support government policies that would help make housing more affordable. Roughly four in five (79%) U.S. residents believe there should be tax breaks for first-time homebuyers, and 77% believe there should be policies that make homes more affordable. This is according to a new survey fielded to 4,000 U.S. residents in May 2026 by Ipsos a
- PRFewer Homeowners Are Listing as Spring Market Ends With a Whimper, Not a BangRedfin reports the median U.S. home price hit a record high, one factor that’s pushing some prospective buyers away New listings of U.S. homes for sale fell 1.7% from a week earlier during the week ending June 21 to their lowest level since February. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. The total number of homes for sale dipped 0.4% week over week. This data is seasonally adjusted. Prospective home sellers are backing off partly because they notice soft homebuying demand. Pending home sales fell 0.1% week over week, a small dip but the third straight week of slight declines from their May peak, and mortgage-purchase applications fe
- PRRedfin Reports Flood-Prone Parts of America Are Losing Residents at Nearly Twice Last Year’s RateHigh-flood-risk U.S. counties lost over 63,000 more residents than they gained in 2025—nearly double the prior year’s outflowCounties at low risk of flooding gained nearly 70,000 residents last year, the biggest uptick since 2018Miami and Houston top the list of flood-prone places that lost the most residents in 2025Flood-prone America lost far more residents than it gained in 2025, continuing and intensifying a trend that started in 2024, according to a new report from Redfin, the real estate brokerage powered by Rocket.High-flood-risk U.S. counties lost 63,357 more residents than they gained in 2025. That’s nearly double the net outflow from the year before. In 2024—the first time in five
- PRNYC Suburbs and the Bay Area Are This Spring’s Most Competitive Housing MarketsRedfin reports more than half of homes are selling above asking price in Newark, San Francisco, San Jose and Nassau County Homebuyers are battling for homes in New York City suburbs and the Bay Area, pushing up prices, according to a new report from Redfin, the real estate brokerage powered by Rocket. Nearly three in five (57.6%) homes in Newark, NJ, sold above their original asking price in May, the highest share of the 50 most populous U.S. metros. The Bay Area followed closely behind, with 57.3% of homes in San Francisco and 53.2% in San Jose selling above asking. Nassau County, NY rounds out the four metro areas where more than half of homes that sold in May went for above asking
- PRU.S. Home-Price Growth Accelerated in May, Fueled by April’s Brief Mortgage-Rate ReprieveRedfin reports home prices rose 0.3% month over month on a seasonally adjusted basis Prices rose 2.5% on a year-over-year basis—the fastest growth rate in six months Of the 29 major metros where prices rose month over month, Cleveland, Providence and New York saw the biggest increases This is based on the Redfin Home Price Index (RHPI), a repeat-sales measure of seasonally adjusted home-price changes that is reported about a month earlier than the Case-Shiller Index. U.S. home prices increased 0.3% month over month in May on a seasonally adjusted basis, the fastest growth rate since January. That’s according to a new report from Redfin, the real estate brokerage powered by Rock
- PRRedfin Reports 46% of Home Sellers Gave Concessions to Buyers in May, the Highest Share on Record For That MonthNearly half of U.S. home sellers gave concessions to buyers in May, the highest May share in Redfin’s records Concessions were most common in Nashville, the nation’s strongest buyer’s market, where three-quarters of sellers handed out concessions to attract buyers They were least common in the Bay Area and other markets that are tilting toward sellers 16% of May’s home sales had both a concession and a price drop, also the highest May share on record Home sellers gave concessions to buyers in 46.2% of U.S. home sales in May, up from 43.1% a year earlier and the highest share for that month in our records. That’s according to a new report from Redfin, the real estate brokerage p
- PRHousing Payments Hit 1-Year High, Sending Buyers to the SidelinesRedfin reports pending home sales fell for the fifth week in a row, and new listings declined, too The median U.S. monthly housing payment hit $2,647 during the four weeks ending June 14, its highest level in a year and just about $100 shy of 2023's all-time high. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Housing payments are rising because both home-sale prices and mortgage rates remain stubbornly high. The median sale price rose 2.3% year over year to a record high of $403,889, and the weekly average mortgage rate is 6.52%, near its highest level in 10 months. The average daily rate dropped to 6.54% on Wednesday from 6.75% a month earli
- PRFormer Red-Hot Seller's Markets, Like Atlanta, Now Lead the Nation in Canceled Home SalesRedfin reports 4 of the 10 metros where contract cancellations were most common in May were in Texas, and three were in Florida; all are strong buyer's markets Nationwide, 13.6% of the homebuying deals made in May fell through. That share has held steady over the last 4 months as buyers and sellers grow accustomed to today's market. Cancellations of contracts to buy homes are most common in Atlanta, Fort Worth, TX and Jacksonville, FL. In each of those places, roughly 18% of all home-sale agreements that went under contract in May fell through, according to a new report from Redfin, the real estate brokerage powered by Rocket. Nationwide, the portion of buyers backing out of contra
- SECRocket Companies Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement8-K - Rocket Companies, Inc. (0001805284) (Filer)
- ANALYSTRocket Companies downgraded by BTIG ResearchBTIG Research downgraded Rocket Companies from Buy to Neutral
- PRSpaceX Employees Could Buy 2 in 5 San Antonio Homes With Their IPO WindfallRedfin reports the massive IPO would create enough wealth for SpaceX employees to buy roughly 40% of all the homes in San Antonio, one of the closest major metros to where the company is headquartered. Or they could buy every single home in McAllen, located just 80 miles away from SpaceX headquarters. Alternatively, they could buy 5% of all homes in the Los Angeles metro, where the company was founded.With the wealth created through SpaceX's massive IPO, current and former employees could hypothetically pool their money to buy an estimated 40% of all homes in San Antonio, according to a new report from Redfin, the real estate brokerage powered by Rocket. San Antonio is the closest major U.S.
- PRRecord Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight WeekRedfin reports high housing costs and economic instability are driving would-be buyers away The median U.S. home-sale price hit a record $400,894 during the four weeks ending June 7, up 1.5% year over year. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. That marks the first time the typical American existing home has sold for over $400,000, according to a Redfin analysis of MLS data. Monthly payments are historically high, too. The typical monthly payment was $2,619, just $8 shy of late May's 11-month high. Stubbornly high home prices, combined with mortgage rates in the mid-6% range, are propping up monthly housing payments. High housing
- SECRocket Companies Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders8-K - Rocket Companies, Inc. (0001805284) (Filer)
- PRRocket Companies Announces Upsizing and Pricing of Senior Notes due 2031 and Senior Notes due 2034DETROIT, June 9, 2026 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) (the "Company"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today priced its previously announced private offering of $900,000,000 aggregate principal amount of 6.125% senior notes due 2031 and $600,000,000 aggregate principal amount of 6.500% senior notes due 2034 (collectively, the "Notes" and such offering, the "Offering"). The aggregate principal amount of the Notes to be issued was increased to $1.5 billion from the previously announced $1.2 billion. The Notes will initially be fully and u
RKT FAQ
7 questionsWhat does Rocket Companies Inc. do?
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and...Where does RKT stock trade?
Rocket Companies Inc. (RKT) is listed on NYSE.What sector and industry is RKT in?
Rocket Companies Inc. operates in the Finance sector, Finance: Consumer Services industry.When did Rocket Companies Inc. go public?
Rocket Companies Inc. (RKT) completed its IPO in 2020.What are analysts saying about RKT?
Rocket Companies Inc. has had 8 recent analyst actions on file. The most recent action was from The Benchmark Company: Buy with a $2100.00 price target on 2026-06-30. Recent price targets range from $1900.00 to $2400.00.What companies are similar to RKT?
Notable peers in the same industry include AXP (American Express Company), SPGI (S&P Global Inc.), MCO (Moody's Corporation), NU (Nu Holdings Ltd.), COIN (Coinbase Global Inc.). Compare RKT side-by-side with any of them on Quantisnow.How can I track RKT on Quantisnow?
Quantisnow aggregates Rocket Companies Inc.'s SEC filings, analyst ratings, insider transactions, FDA approvals, and press releases the moment they hit the wire (Wall Street's wire, on your screen.). Follow RKT to receive live email and push alerts on every new disclosure.