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.
Rocket (RKT)-powered brokerage Redfin published a housing-cost analysis exploring when mortgage payments could return to historical income levels. Redfin estimates a hypothetical national return to August 2018 affordability levels by November 2031 with 6% mortgage rates and 2.1% annual home-price growth. With flat prices and 7.5% rates, the modeled date is April 2032; with flat prices and 6% rates, it is February 2029.
“Normal” means restoring the mortgage-payment-to-income ratio to its August 2018 level, nationally 30%, rather than making every metro affordable. At 7.5% rates, current local price trends and projected income growth imply October 2027 for San Jose, February 2028 for Austin and April 2028 for Oakland. About half the analyzed metros could take at least a decade with rates between 6% and 8% and current price growth continuing. These scenarios are hypothetical, not predictions.
Rocket (RKT)-powered brokerage Redfin reported that 21% of U.S. home sellers cut asking prices during the four weeks ending September 20.
The share rose from 19.8% a year earlier and was the highest for this time of year in records dating to early 2022. The analysis uses multiple listing service data and compares corresponding seasonal periods. Denver had the highest share at 30.9%, followed by Indianapolis at 29.9%. San Antonio, Dallas and Austin followed, each with more than twice as many sellers as buyers.
San Francisco had the lowest share, at just under 10%. Redfin attributes its competitive housing market to AI wealth. Nearly half of U.S. homebuyers are receiving seller concessions, including help with repairs, closing costs or mortgage-rate buydowns.
Rocket Mortgage, part of Rocket Companies (RKT), will default to VantageScore 4.0 for eligible loans during fourth-quarter 2026.
The change covers eligible direct-to-consumer mortgages delivered to Fannie Mae or Freddie Mac, VA loans and other eligible mortgages. After roughly four months of testing, Rocket Mortgage found that more clients qualified and credit scoring costs fell. Clients who saved money with VantageScore 4.0 saved an average of $1,600 at closing. So far this year, the company obtained 1.4 million credit reports using both VantageScore and FICO.
Investment-property and second-home mortgages, home equity, FHA and jumbo loans, and some other products will continue using FICO for now. Rocket Pro will provide mortgage brokers with both scores.
Redfin (RKT) reports that U.S. home prices rose 0.25% month over month in August on a seasonally adjusted basis, slightly below July’s 0.26% and June’s 0.27%, based on the Redfin Home Price Index covering the three months ending August 31, 2026.
Prices were up 3.7% year over year, the fastest annual growth in a year, even as August registered the strongest buyer’s market on record with elevated costs and economic uncertainty curbing demand. Month over month, prices rose most in St. Louis (1.1%) and Pittsburgh (1%), and fell most in Austin and Charlotte (both -0.7%). On a yearly basis, San Francisco led gains with a 12% increase, while Dallas saw the largest decline at -1.4%.
Rocket (RKT)-powered brokerage Redfin reports that U.S. home sellers granted concessions in 44.7% of August home sales, up from 42.6% a year earlier and the highest August share since at least 2020.
Redfin characterizes August 2026 as the strongest U.S. buyer’s market in records back to 2013, with more inventory and fewer competing buyers prompting sellers to cover closing costs, repairs and other incentives. Concessions are most common in Sun Belt buyer’s markets: Atlanta leads at 72.8% of deals with concessions, followed by Charlotte (67.9%), Phoenix (67.4%), Las Vegas (66.7%) and Raleigh (66.3%). They are least common in San Jose (4.2%), New York (5.7%) and San Francisco (18.6%), where markets are stronger. Nationwide, 15.8% of August sales combined both a seller concession and a price cut.
Redfin (housing data; ticker cited as RKT) reports that U.S. pending home sales fell 3.5% week over week to 299,126 for the four weeks ending Sept. 13, 2026, the lowest level in nearly three years and down 5.4% year over year.
The median U.S. sale price rose 2% year over year to $397,633, while the median asking price was $395,841, up 0.1%. New and active listings were each up 1.5% year over year, with new listings edging down 0.5% from the prior week and active listings down 0.6%. Months of supply increased to 4.1, up from 3.9.
The typical home spent 46 days on market, unchanged from a year earlier; 29.5% went off market within two weeks. A total of 20.8% of listings saw price drops, and 25.1% of homes sold above list, with an average sale-to-list ratio of 98.6%. Daily 30‑year mortgage rates reached 7.24% on Sept. 16, up from 6.97% a week earlier.
Redfin (RKT) reports that in 2024 San Antonio drew the largest net inflow of Gen Z movers, while Houston attracted the most millennials.
San Antonio gained 10,678 more Gen Zers than it lost, ahead of Washington, D.C., Austin, Nashville and Dallas. Houston posted a net inflow of 16,365 millennials, followed by Dallas, Baltimore, Las Vegas and Atlanta, all with median home prices under $450,000. New York saw the biggest net outflow for both generations, with 29,554 Gen Zers and 42,698 millennials leaving, while Los Angeles was another major loser of young adults.
Gen Zers tend to choose metros with early-career job opportunities and lively social scenes, whereas millennials prioritize more space and relative affordability. Most moves for both groups are short-distance shifts between neighboring metros, and the share of young adults making major relocations has edged down compared with 2014.
Rocket (RKT) highlights a new Redfin report showing that in August there were an estimated 57.9% more U.S. home sellers than buyers, the largest buyer–seller gap in Redfin records dating back to 2013.
The imbalance is driven by a surge in listings to about 1.53 million sellers, up 3.9% month over month, while buyers held nearly flat at roughly 972,300, up 0.1% from a record low. Redfin classifies markets with over 10% more sellers than buyers as buyer's markets.
All 10 of the strongest buyer's markets are in the Sun Belt, led by Nashville (139% more sellers than buyers), Miami (138%) and Houston (131%), with Orlando, Las Vegas, San Antonio, Austin, Dallas, Atlanta and Phoenix rounding out the list. In total, 36 of 49 tracked metros are buyer's markets, 5 are seller's markets, and the rest are balanced.
The five seller's markets are Nassau County, Newark, Montgomery County (PA), Milwaukee and San Francisco, where there were up to 28% fewer sellers than buyers and home-sale prices rose an average 5.5% year over year.
RKT highlights a new Redfin report showing that U.S. homebuying costs have reached their highest level in over a year, with the typical monthly mortgage payment at $2,641 for the four weeks ending September 6, 2026, based on a 6.71% mortgage rate.
The median home-sale price rose 2.2% year over year to about $398,637, while the weekly average 30-year rate climbed to 6.71% and the daily average hit 6.97%. Pending home sales were down 2.1% year over year and essentially flat week over week, reflecting demand kept in check by high costs and economic uncertainty. New listings, though down 4.8% from the prior week due to Labor Day timing, were up 2.1% year over year, and active listings also increased 2.1%.
About 20.8% of listings had a price drop and the median days on market rose to 46, but 25.5% of homes still sold above list price, with some metros such as Milwaukee and San Francisco posting strong price gains.
Rocket (RKT)-powered brokerage Redfin reports that U.S. housing supply reached multi‑year highs in August 2026 as new listings and active inventory climbed.
New listings rose 2.6% month over month to 393,178, the highest level in over four years, led by San Jose (+25.5% YoY), Nashville (+15.8%) and Seattle (+13.7%). Total homes for sale increased 3.9% month over month to 1,534,918, the highest since 2020, with active listings up most in Seattle (+24.2% YoY), Boston (+18.7%) and San Jose (+17.7%).
Demand lagged: pending home sales were nearly flat (+0.1% MoM; -1.3% YoY) and closed sales fell 0.5% MoM. The median U.S. sale price rose 2.2% YoY to $398,596, while the average 30‑year mortgage rate climbed to 6.67%. Three in five homes (59.5%) sold below original list price, underscoring increased buyer bargaining power, especially in Florida and Texas, while hot AI‑driven markets like San Francisco saw fewer discounts.