Rocket Companies Inc Stock News

SEATTLE--(BUSINESS WIRE)--The median U.S. home-sale price rose 2.3% during the four weeks ending November 16, the biggest increase in seven months, according to a new report from Redfin, the real estate brokerage powered by Rocket. Sale prices are rising despite slow homebuying demand because total inventory is dwindling. Still, it's important to note that home prices are growing slower than wa...

SEATTLE--(BUSINESS WIRE)--Homebuyers need to earn an annual income of $74,508 to afford the median-priced home in rural U.S. counties. That's up 105.8% from before the pandemic, when rural buyers needed to earn $36,206, according to a new report from Redfin, the real estate brokerage powered by Rocket. By comparison, the income needed to afford a home in suburban counties has risen 90.9% (to $1...

SEATTLE--(BUSINESS WIRE)--There were an estimated 36.8% more home sellers than buyers in the U.S. housing market in October (or 528,769 more, in numerical terms)—the largest gap in records dating back to 2013. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin defines a market with over 10% more sellers than buyers as a buyer's market. By this defi...

SEATTLE--(BUSINESS WIRE)--Numerous housing metrics were flat in October—a notable shift from the ups and downs of recent years, according to a new report from Redfin, the real estate brokerage powered by Rocket. Pending home sales were little changed from both a month and a year earlier. So were closed home sales and new listings. Price growth has also shown signs of plateauing. The median home...

SEATTLE--(BUSINESS WIRE)--U.S. home prices climbed 0.3% month over month in October on a seasonally adjusted basis, following a 0.2% gain in September. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Prices rose 2.9% from a year earlier, ticking down from September's 3.1% year-over-year increase and continuing the gradual slowdown from earlier in the y...

SEATTLE--(BUSINESS WIRE)--Holiday cheer is colliding with financial fear, with 28% of Americans trimming their decorating budgets this year and 26% reining in gift spending, according to a new survey from Rocket Mortgage and Redfin, the real estate brokerage powered by Rocket. The pullback isn't due to a lack of holiday spirit. It's a sign of the times, with many people choosing to spend cautio...

SEATTLE--(BUSINESS WIRE)--Redfin (redfin.com), the real estate brokerage powered by Rocket, today launched AI-driven conversational home search. Redfin.com now lets consumers find homes by describing what they want in their own words and engaging in a back-and-forth conversation to refine their search. On other major real estate sites, users can start a search using natural language, but that's...

SEATTLE--(BUSINESS WIRE)--U.S. pending home sales fell 0.3% from a year earlier during the four weeks ending November 9, a tiny decline but the first in four months, according to a new report from Redfin, the real estate brokerage powered by Rocket. The homes that are selling are staying on the market longer: Homes are taking a median of 49 days to go under contract, the longest span for this t...