RKT - Rocket Companies, Inc.
Wall Street is waiting for Friday's CPI report, which could determine whether the Federal Reserve raises interest rates next week. August CPI is expected to rise 0.4% from July and 3.4% from a year earlier, while core inflation is forecast at 0.2% monthly and 2.4% annually.
Sellers outnumbered buyers by 58% in August, the biggest gap in Redfin's records, driven by a surge in listings and stagnant demand. Nashville, Miami and Houston are the strongest buyer's markets, with more than double the number of sellers as buyers.
Redfin agents say pricing realistically from the start is the key to finding a buyer; 21% of home sellers are dropping their price SEATTLE, Sept. 10, 2026 /PRNewswire/ -- Homebuying costs have hit their highest level in over a year, according to a new report from Redfin, the real estate brokerage powered by Rocket.
Redfin reports U.S. new listings hit their highest level since 2022 in August, driven by San Jose, Nashville and Seattle. The total number of homes for sale hit their highest level since 2020.
The August jobs report landed Friday morning with 162,000 new positions against forecasts of 56,000, and the bond market read it as a reason to keep bracing. The 10-year Treasury yield pushed back toward 4.79%, near its highest level since late 2023, and a hike at the Fed's Sept.
Rocket Companies is a Buy with a ~$16.50 target, implying roughly 19% upside. Q2 delivered record purchase and refinance share and the best profitability in four years. Redfin and Mr. Cooper are improving diversification, recapture economics, and cost synergies.
Rocket Companies leverages Redfin and Mr. Cooper acquisitions to drive customer funnel integration and retention, achieving record Q2 profitability despite a weak housing market. Redfin mortgage leads more than doubled YoY, with a 47% attachment rate; 57% of refinance closings came from existing servicing clients, lowering acquisition costs. RKT realized $100M in annualized Mr. Cooper synergies in Q2, targeting $500M by 2027, while loan officer productivity and conversion rates improved significantly.
The luxury housing market in parts of Florida is outperforming the U.S. luxury market as affluent buyers flock to the Sunshine State, fueling high-end demand Luxury prices in Miami and Tampa are rising faster than anywhere else in the nation In West Palm Beach, luxury sales are rising faster than anywhere else SEATTLE, Sept. 3, 2026 /PRNewswire/ -- Luxury home-sale prices in Miami rose 18% year over year in July, the biggest increase of the 50 most populous U.S. metros.
Homebuyers are gaining more power, with new listings jumping and demand flat SEATTLE, Sept. 3, 2026 /PRNewswire/ -- New listings of U.S. homes for sale rose 2.1% from a week earlier on a seasonally adjusted basis, reaching their highest level in four years.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he is not sure that there's a lot of upside in AtaiBeckley Inc. (NASDAQ:ATAI).
San Francisco, home to OpenAI and Anthropic, is seeing its housing market boom as AI employees put their money into the housing market. In Seattle, economic jitters in the tech space are dampening homebuying demand.
Redfin reports the typical U.S. home in a highly rated school zone costs $150,000 more than the typical overall home, but the size of that premium varies dramatically by metro In metros including Little Rock, Anaheim and Chicago, buyers pay relatively little extra for highly rated schools because they're plentiful or located in more affordable neighborhoods In Philadelphia, Fort Worth and Detroit, highly rated school zones are relatively scarce and often concentrated in pricier suburbs, which may contribute to higher premiums SEATTLE, Sept. 2, 2026 /PRNewswire/ -- The typical U.S. home located in a highly rated school zone costs $580,000, which is 35% more than $430,000 for the typical overall home.
DETROIT, Sept. 1, 2026 /PRNewswire/ -- Rocket Companies (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based homeownership platform today announced that Brian Brown, Rocket Companies President and Chief Financial Officer, will participate in a fireside chat at the 24th annual Barclays Global Financial Services Conference.
Seattle brokerage Redfin has named former Meta executive Alessio Sanfilippo as CEO, replacing Rocket CEO Varun Krishna, who temporarily stepped in after long-time leader Glenn Kelman left in January.
Former Meta and Intuit executive brings more than two decades of product, data and AI experience to Redfin Click here to download high resolution headshot DETROIT and SEATTLE, August 31, 2026 /PRNewswire/ -- Rocket Companies (NYSE: RKT) today announced that Alessio Sanfilippo has been named Chief Executive Officer of Redfin, effective immediately. Sanfilippo joins Redfin from Meta, where he served as Vice President of Insights for Reality Labs.
U.S. counties at high risk of poor air quality lost 277,740 residents in 2025—roughly half as many as they lost in 2021, at the peak of pandemic-era migration While air-quality concerns may influence some movers, affordability is a bigger factor, with Americans leaving expensive high-risk counties and moving into relatively affordable ones At-risk places gaining the most residents are Boise, Palm Springs and Lake Tahoe At-risk places losing the most residents are expensive coastal markets: Los Angeles, New York City and Orange County SEATTLE, Aug. 31, 2026 /PRNewswire/ -- Americans are moving away from places facing high risk of poor air quality, but at a slower pace than during the pandemic, according to a new report from Redfin, the real estate brokerage powered by Rocket. In 2025, 277,740 more people moved out of high-risk U.S. counties than into them.
More homes are hitting the market, but fewer buyers are purchasing them, giving house hunters an opportunity to negotiate prices and ask for concessions SEATTLE, Aug. 27, 2026 /PRNewswire/ -- New listings rose 0.4% from a week earlier during the four weeks ending August 23 to their highest level since April. That's according to a new report from Redfin, the real estate brokerage powered by Rocket.
Chicago, IL – August 26, 2026 – Zacks Equity Research shares Carter's CRI as the Bull of the Day and Agnico Eagle Mines AEM as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Rocket Companies' RKT, UWM Holdings Corp. UWMC and PennyMac Financial Services, Inc. PFSI.
RKT's Redfin settlement preserves key Zillow economics while restoring its ability to compete in multi-family advertising, widening RKT's rental growth opportunity.
Rocket Money's new AI financial assistant, developed with Anthropic, takes money management out of apps and dashboards and puts it into conversational texts DETROIT, Aug. 25, 2026 /PRNewswire/ -- Rocket Money, part of Rocket Companies (NYSE: RKT), today launched Rowan, an AI agent that goes beyond analysis, monitoring consumer's finances and even acting on their behalf, all through simple text messaging. Rocket Money's AI financial assistant puts management into conversational texts.