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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) 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.
Redfin, powered by Rocket (RKT) reports that Florida's luxury housing markets, especially Miami, Tampa and West Palm Beach, are outperforming the broader U.S. in July 2026.
Luxury home prices rose 18% year over year in Miami and 15.4% in Tampa, versus a 5.3% national increase. Median luxury sale prices reached $5,017,755 in Miami and $1,644,824 in Tampa. In contrast, non-luxury prices fell 1.3% in Miami and were nearly flat in Tampa. West Palm Beach led the nation in luxury sales growth, with homes sold up 43.9% and pending sales up 20.1%. Tight inventory is contributing to price gains, with active listings down 18.1% in Miami and 16.1% in Tampa.
Redfin (RKT) reports that new U.S. home listings rose 2.1% week over week on a seasonally adjusted basis for the four weeks ending August 30, 2026, reaching their highest level in four years. Active listings increased 0.4% over the same period, giving buyers more choices and leverage.
Pending home sales were essentially flat, down 0.1% week over week and 2.5% year over year, at their lowest level since February, highlighting that demand is not keeping pace with rising supply. The median U.S. sale price was $398,632, up 2.2% year over year, while the average weekly 30‑year mortgage rate was 6.66%, contributing to a seasonally adjusted median monthly payment of $2,592.
The median asking price dipped 0.1% year over year, and 20.9% of listings had price drops, up from 20.2%. Months of supply reached 4, up from 3.7, approaching a balanced market. Metro-level data show the largest price gains in San Francisco and West Palm Beach and the biggest declines in Austin and Seattle.
Rocket (RKT)-powered brokerage Redfin reports that San Francisco’s housing market is booming while Seattle’s is slumping, reflecting diverging tech-sector trends.
In July, San Francisco home sales rose 9% year over year, its median sale price climbed 6% to $1.6 million, and total listings fell 18%, the biggest inventory decline among major U.S. metros. Typical homes sold in 20 days, three days faster than a year earlier, with just 1.6 months of supply, the lowest in the country. Luxury demand is especially strong, with Bay Area luxury prices up 13.4% in two years and luxury pending sales up 46% year over year in May, helped by rising AI-driven wealth and anticipated IPO windfalls for OpenAI and Anthropic employees.
By contrast, Seattle sales fell 9%, the median price slipped 4% to $809,000, and inventory rose 17%, the nation’s largest increase. Pending sales dropped 15.6% while active listings rose 16.7%, creating a buyer’s market with 65% more sellers than buyers amid tech layoffs and weaker job confidence.
Redfin (RKT) reports that the typical U.S. home in a highly rated school zone costs $580,000, about 35% more than the $430,000 typical U.S. home between January and June 2026.
A household needs $159,157 in annual income to afford such a home, roughly $41,000 more than the $117,995 needed for the typical home, and both exceed the median U.S. income of $87,599. For a median-earning household, buying in a highly rated school zone would consume 54.5% of income versus 40.4% for the typical home. Only 13% of listings in highly rated school zones are affordable to a median-income household, compared with 27.6% of listings overall.
Premiums vary widely by metro. Little Rock is the only metro where homes in highly rated zones are slightly cheaper than typical homes, while Philadelphia shows the largest premium at 93.5%. California metros such as Los Angeles and San Jose see highly rated zones consuming up to 99% and 85% of typical household income.
Rocket Companies (NYSE: RKT) announced that President and Chief Financial Officer Brian Brown will participate in a fireside chat at the 24th annual Barclays Global Financial Services Conference. The event takes place at the Hilton Midtown in New York on Tuesday, September 15, at 12:00 p.m. ET.
A live webcast and replay will be available in the “Events & Presentations” section of Rocket Companies’ Investor Relations website at ir.rocketcompanies.com.
Rocket Companies (NYSE: RKT) appointed Alessio Sanfilippo as Chief Executive Officer of its subsidiary Redfin, effective immediately. Sanfilippo joins from Meta, where he was Vice President of Insights for Reality Labs, and previously held senior data and product roles at WhatsApp, Intuit, SAP, GoSeek, Hotwire and United Airlines.
According to Rocket Companies, he brings more than 20 years of experience in product, data, analytics and AI, including applying machine learning at TurboTax and QuickBooks and supporting WhatsApp’s U.S. growth to over 100 million monthly users. Rocket acquired Redfin in July 2025, and the companies recently launched “Super Savings,” offering customers who use both Redfin and Rocket Mortgage up to $20,000 in combined lender credits and commission savings.
Redfin, powered by Rocket (NYSE:RKT), reports that U.S. counties at high risk of poor air quality had a net domestic outflow of 277,740 people in 2025, less than half the 2021 peak outflow of 603,270. Low‑risk counties saw a 2025 net inflow of 296,342, down from 594,556 in 2021, indicating pandemic-era migration has cooled.
According to Redfin, affordability is a stronger driver than air-quality risk: expensive high-risk coastal counties like Los Angeles, Kings (Brooklyn), Queens, Orange, Santa Clara are losing residents, while relatively affordable high-risk areas like Ada County (Boise), Riverside (Palm Springs), Placer (Lake Tahoe) are gaining thousands. A Redfin survey also finds 36% of U.S. house hunters say a clean home with high-end filtration is a must-have, making it their top priority.