Compass and Rocket Form Historic Alliance to Dramatically Increase Home Listing Inventory on Redfin
Rhea-AI Summary
Rocket Companies (NYSE: RKT) and Compass International Holdings (NYSE: COMP) announced a three-year strategic alliance to add Compass' unique inventory to Redfin, potentially bringing more than 500,000 additional listings and leveraging nearly 2 billion Redfin visits projected in 2026.
The deal grants Compass agents access to over 1 million Redfin buyer inquiries and offers Rocket Mortgage preferred pricing, including a one-percentage-point first-year rate reduction or up to $6,000 lender credit for Compass clients.
Positive
- Potential +500,000 listings added to Redfin
- 2 billion projected Redfin visits in 2026 increasing visibility
- Compass agents gain access to 1 million Redfin buyer inquiries
- Rocket Mortgage offers 1%-point first-year rate reduction or $6,000 credit
Negative
- Alliance is limited to a three-year term
- Key benefits are forward-looking and not guaranteed
News Market Reaction – COMP
On the day this news was published, COMP declined 2.50%, reflecting a moderate negative market reaction. Argus tracked a peak move of +6.0% during that session. Argus tracked a trough of -6.7% from its starting point during tracking. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $188M from the company's valuation, bringing the market cap to $7.33B at that time.
Data tracked by StockTitan Argus on the day of publication.
- Compass International Holdings' unique inventory to appear on Redfin.com, with the potential to bring more than 500,000 additional home listings to market.
- Integrated search, agent and mortgage experience designed to make the homebuying process straightforward with less friction.
Compass International Holdings' 'Coming Soon' listings will appear immediately on Redfin, with 'Private Exclusive' properties to follow - expanding exposure for sellers and increasing choice for buyers. This unique inventory has the potential to bring more than 500,000 additional listings to the Redfin platform through the combined reach of Compass International Holdings' global network of real estate professionals, including @properties, Better Homes and Gardens Real Estate, CENTURY 21, Christie's International Real Estate, Coldwell Banker, Compass, Corcoran, ERA and Sotheby's International Realty.
Compass' unique listings will be featured on Redfin.com and in the Redfin app where they will draw nearly 2 billion visits in 2026 alone, dramatically expanding visibility for sellers and bringing more buyers into the market.
Rocket, Redfin and Compass International Holdings agree that offering sellers broader flexibility in how they introduce their homes to the market lowers the barrier of entry for sellers to list their homes, resulting in a larger inventory of listings for buyers. By connecting home search, real estate professionals and Rocket Mortgage financing into one integrated platform, the partnership will create a seamless homebuying and selling experience.
"When barriers are removed and supply grows, affordability improves," said Varun Krishna, CEO of Rocket Companies. "Today's challenge is friction in the homebuying process and a lack of inventory. By bringing search, agents and financing into one connected platform, we can help more sellers enter the market, reduce complexity for buyers and make homeownership more attainable."
"We believe listing agents should be connected directly with interested buyers, and sellers should have the freedom to list their homes in the manner and method they choose without fear of misleading insights that damage its value," said Robert Reffkin, Chairman and CEO of Compass International Holdings. "Now, our real estate professionals can give sellers the choices they deserve, with increased exposure to 60 million potential buyers."
In addition to expanded exposure on Redfin, the alliance includes:
- High-Intent Lead Pipeline: Over the term of the partnership, Compass International Holdings real estate professionals will gain access to more than 1 million buyer inquiries generated through Redfin, giving them more opportunities to build relationships and support buyers as they move toward a purchase. Redfin agents will benefit from increased consumer traffic driven by a broader selection of homes — creating more opportunities to engage buyers earlier in their journey.
- Mortgage Savings: Rocket Mortgage will strengthen affordability through preferred pricing for clients of Compass. This includes a one-percentage-point interest-rate reduction for the first year of their loan or a lender credit of up to
reducing upfront costs or first-year payments.$6,000
Rocket Mortgage offerings will also be embedded into Compass International Holdings' proprietary platform, further simplifying the digital homeownership experience.
Forward Looking Statements
Some of the statements contained in this document are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are generally identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management's current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled "Risk Factors" in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission ("SEC"). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.
About Rocket Companies
Founded in 1985, Rocket Companies (NYSE: RKT) is a
With insights from more than 160 million calls with clients each year, 30 petabytes of data and a mission to Help Everyone Home, Rocket Companies is well positioned to be the destination for AI-fueled homeownership. Known for providing exceptional client experiences, J.D. Power has ranked Rocket Mortgage #1 in client satisfaction for primary mortgage origination and mortgage servicing a total of 23 times – the most of any mortgage lender.
For more information, please visit our Company Website or Investor Relations Website.
About Compass International Holdings
Compass, Inc. ("Compass International Holdings", "CIH" or the "Company") (NYSE: COMP) is a global real estate services company with a presence in every major
The Company empowers real estate professionals to streamline operations and seamlessly guide clients through every phase of residential and commercial transactions, leveraging powerful tools, including its modern technology platform. Compass International Holdings brings together integrated services, including brokerage, franchise, mortgage, title, insurance, escrow, and relocation.
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SOURCE Rocket Companies, Inc.