Welcome to our dedicated page for Rocket Companies news (Ticker: RKT), a resource for investors and traders seeking the latest updates and insights on Rocket Companies stock.
Rocket Companies, Inc. reports developments across a Detroit-based homeownership platform that includes mortgage, real estate, title and personal finance businesses. Recurring updates cover Rocket Mortgage loan origination and servicing activity, quarterly financial results, funding and margin trends, and integration work following completed acquisitions within its homeownership ecosystem.
Company news also includes Redfin housing-market reports, real estate search features such as Sunscore, and product activity tied to homebuyers, homeowners and agents. Additional themes include Rocket Money, Rocket Loans and Rocket Close, along with technology, data and AI initiatives used across search, origination, servicing and client engagement.
Redfin (NASDAQ:RKT) reports that in July 2026 there were an estimated 51.3% more U.S. home sellers than buyers, just below December’s record 51.8% surplus, shifting much of the country into buyer’s‑market territory. Redfin defines buyer’s markets as having over 10% more sellers than buyers.
According to Redfin, there were about 966,752 buyers, down 2.5% month over month, and 1,462,921 sellers, down 0.3% to a one‑year low, creating a seller surplus of nearly half a million. Nearly 80% of major metros (39 of 49 analyzed) were buyer’s markets, led by Miami (154% more sellers than buyers), Nashville (151%), Houston (130%), San Antonio (116%) and Austin (112%). Just six metros, led by Nassau County, NY, remained seller’s markets, where prices rose faster—4.2% year over year versus 2.3% in buyer’s markets—indicating stronger buyer competition there.
Redfin reports that for the four weeks ending August 9, 2026, U.S. pending home sales rose 0.4% week over week on a seasonally adjusted basis but were still 1.6% lower year over year, signaling only modest momentum in a subdued housing market. Mortgage-purchase applications increased 3% week over week, while the weekly average 30-year fixed mortgage rate reached 6.69%, its highest level in over a year, pushing the median monthly mortgage payment up 1.7% year over year to $2,626.
On the supply side, new listings climbed 1.7% week over week and 2.2% year over year, the largest weekly gain in five months, helping lift active listings by 0.7% week over week. The median sale price reached $403,706, up 2.2% year over year, with 3.7 months of supply, 27.2% of homes selling above list price, and an average sale-to-list ratio of 98.9%. Metro-level data showed the biggest price gains in Newark and West Palm Beach and declines in Seattle and San Jose.
Redfin, powered by Rocket (NYSE:RKT), reported that U.S. home sales in July 2026 fell 4.1% month over month on a seasonally adjusted basis, reaching their lowest level in nearly two years. Pending home sales declined 2.5% to their lowest level since December, while the median U.S. sale price rose 3.2% year over year to a record July level of $407,730. The monthly average 30‑year mortgage rate reached 6.54%.
Texas metros (San Antonio, Dallas, Fort Worth) and Seattle led annual sales declines, while West Palm Beach, San Francisco and Milwaukee saw sales growth. National new listings fell to their lowest level since October 2024, down 0.1% month over month, with total active listings down 0.3%. About 14% of pending sales fell through, the highest share since 2023.
Rocket Companies (NYSE:RKT) reported Q2 2026 total revenue, net, of $2.78 billion versus $1.45 billion a year earlier, GAAP net income of $229 million, adjusted revenue of $2.76 billion, adjusted net income of $441 million and adjusted EBITDA of $766 million. GAAP diluted EPS was $0.08, with adjusted diluted EPS of $0.16.
The company generated $47.0 billion in total net rate lock volume and $49.1 billion in closed mortgage originations, with total gain on sale margin of 2.48%. Servicing UPB reached $2.0 trillion across 9.1 million loans, and total liquidity was $11.2 billion. Rocket also issued $1.5 billion of senior notes to refinance existing debt and guided for Q3 2026 adjusted revenue between $2.5 billion and $2.7 billion.
Redfin, powered by Rocket (NYSE:RKT) reports U.S. pending home sales fell 3.7% week over week and 1.9% year over year for the four weeks ending Aug. 2, 2026, reaching the lowest level in over five months as mortgage rates climbed.
The daily average 30-year fixed rate hit 6.82% on Aug. 3, with the weekly average at 6.66%. Median sale price rose to $406,362, up 2.9% year over year, while the median monthly mortgage payment reached $2,631. New listings inched up 1% week over week, but active listings slipped 1.5%. Price growth was strongest in Newark and West Palm Beach, while San Jose and Seattle saw year-over-year declines.
Redfin (NASDAQ:RKT) reports that the income needed to afford a typical U.S. starter home fell 1.5% year over year in June 2026 to $70,693, marking eight consecutive months of declines. The typical U.S. household earns an estimated $87,599, about $17,000 more than required for a median-priced starter home, up from a roughly $12,500 surplus a year earlier.
Affordability for starter homes is improving slightly faster than for the overall market: buyers need $109,796 to afford the typical U.S. home, just 0.5% below last year’s peak. Starter-home prices rose 1.2% year over year, versus 2.2% for all homes. Affordability trends vary sharply by metro, with all starter-home listings affordable on median income in 22 mostly Southern and Midwestern metros, including Austin, Dallas and Philadelphia, but virtually none affordable in high-cost California markets like Los Angeles, San Diego and San Francisco.
Redfin, powered by Rocket (NYSE:RKT) reports that Americans must earn $109,796 to afford the typical U.S. home in June 2026, just below last year’s record $110,382. This assumes a 15% down payment and housing costs capped at 30% of income.
According to Redfin, the median U.S. household income is an estimated $87,599, leaving a gap of about $22,000, though that shortfall has narrowed from $26,000 a year ago as incomes rise slightly faster than housing costs. Buyers would spend 37.6% of their income on the median home, down from 39.3%.
Roughly 34.2% of U.S. listings were affordable to a median-income buyer in June, up from 30.5% but still below pre‑2022 levels. Affordability improved in 24 of 46 metros, led by Seattle and San Jose, while markets like Pittsburgh, San Francisco and West Palm Beach saw required incomes climb.
Redfin (NASDAQ:RKT) names Park Slope in Brooklyn, New York, the hottest U.S. luxury neighborhood of 2026, followed by Highland Park, Illinois, and Overland Park, Kansas. The ranking covers zip codes in the 100 largest metros where median sale prices are in the top 35% for their metro.
According to Redfin, neighborhoods are ranked by year-over-year growth in listing views on Redfin.com and Redfin Compete Score. Park Slope’s median luxury sale price is $1,770,000, up 10.6% year over year, with listing views up 34.4%. Noe Valley in San Francisco ranks seventh, supported by demand from highly paid employees at Bay Area AI companies.
Redfin housing-market update (related to RKT) reports that U.S. pending home sales declined to 322,739 for the four weeks ending July 26, 2026, down 1.7% week over week and at the lowest level in over three months. Homebuying demand has softened as the daily average 30-year fixed mortgage rate recently reached about 6.85%, with the weekly average at 6.58%, near the highest levels in roughly a year.
According to Redfin, touring activity is up 15% from the start of 2026, compared with a 31% rise at this time in 2025, and mortgage-purchase applications fell 4% from the prior week but are up 3% year over year. The median U.S. monthly mortgage payment is $2,575, the lowest in three months, as the seasonally adjusted median asking price of $392,760 is unchanged year over year and at its lowest level in a year. There are an estimated 351,078 new listings and 1,490,916 active listings, leaving hundreds of thousands more sellers than buyers and giving many buyers more time and negotiating power.
Rocket Companies (NYSE: RKT), via its brokerage brand Redfin, reports that Canada-based Redfin.com users searching for U.S. homes to buy or rent fell 15.3% year over year in June, following a 10.1% decline in May and an overall ~37% drop over the last two years.
According to Redfin, Canada-based home searches declined in 45 of the 50 most populous U.S. metros, led by San Antonio (-51.8%), Austin (-48.6%), Nassau County, NY (-33.4%) and Houston (-32.5%). Searches rose in five metros, with the largest gains in Kansas City (+17.6%) and New Brunswick, NJ (+11.6%). Redfin notes its search data is an early indicator of housing demand and that searches do not necessarily translate into moves or completed home purchases.