Rocket Companies Inc Stock Price, News & Analysis

Redfin (NYSE:RKT) reports significant slowdown in the U.S. housing market, with homes taking 43 days to sell in July 2025—the longest for any July since 2015. The median home sale price increased 1.4% year-over-year to $443,867, marking the highest July level on record.

Key market indicators show cooling demand: pending home sales dropped 1.1% month-over-month to 470,474 units, while existing-home sales decreased to 4.15 million annually. Active listings fell 1.1% month-over-month, the largest drop in two years, as sellers withdraw from the market. About 15.3% of home-purchase agreements were canceled in July—the highest July rate since 2017.

Rocket Companies (NYSE:RKT) announced the early tender results for its cash tender offers and consent solicitations for Nationstar Mortgage Holdings' senior notes. The tender offers target 5.125% Senior Notes due 2030 and 5.750% Senior Notes due 2031, with 88.33% and 89.13% of the outstanding principal amounts tendered respectively.

The tender offers are part of Rocket Companies' pending acquisition of Mr. Cooper Group. Holders of early tender notes will receive $1,012.50 per $1,000 principal amount, which includes a $50.00 early tender payment. The company received requisite consents to amend the notes' indentures, eliminating change of control requirements and most restrictive covenants.

The tender offers will expire on September 2, 2025, though the company anticipates extending this deadline to align with the Mr. Cooper acquisition closing.

Rocket Companies (NYSE: RKT) announced strong early tender results for its exchange offers of Nationstar Mortgage Holdings' notes, connected to RKT's pending acquisition of Mr. Cooper Group. As of August 15, 2025, the company received overwhelming participation with 98.45% ($738.3M) of the 2029 Notes and 95.42% ($954.2M) of the 2032 Notes tendered.

The exchange offers involve replacing up to $1.75 billion of Nationstar's existing notes with new Rocket Notes maintaining identical interest rates, maturity dates, and redemption terms. Holders who tendered by the Early Tender Date will receive $1,000 in new notes plus $2.50 cash per $1,000 of existing notes. The exchange offers will expire on September 2, 2025, unless extended to align with the Mr. Cooper acquisition closing.

Redfin (NYSE:RKT) has released a comprehensive analysis of U.S. multifamily housing permits, revealing a significant 23.1% decline from pandemic-era levels. The current national average stands at 12.8 multifamily units per 10,000 people, down from 16.7 during the pandemic building boom.

North Port, FL leads all major metros with 65 multifamily units per 10,000 people, followed by Austin, TX at 63.6 units. Conversely, Stockton, CA recorded zero permits, showing the steepest decline. The analysis reveals that 59% of analyzed metros have experienced decreased permit activity since the pandemic, with notable variations across regions.

The report indicates a potential shift in the rental market, as median asking rents recently increased 1.7% year-over-year, suggesting growing demand amid reduced new apartment supply.

Redfin (NYSE:RKT) reports that U.S. median asking rents increased 1.7% year-over-year to $1,790 in July 2025, marking the largest rise since January 2023. This represents the second consecutive year-over-year increase, though still $70 below the July 2022 record high of $1,860.

The increase is attributed to shrinking apartment supply amid growing renter demand, with multifamily housing permits down 23.1% since the pandemic construction boom. Among major markets, San Jose led with an 8.8% increase to $3,569, while Jacksonville saw the largest decline of -3.5%. The report reveals varying trends by unit size, with 0-1 bedroom apartments showing the strongest growth at 3.4% year-over-year.

Redfin (NYSE:RKT) reports significant improvements in housing affordability, with the median monthly mortgage payment dropping to $2,631, a seven-month low and $215 lower than May's peak of $2,846. Mortgage rates have decreased to 6.53%, the lowest in 10 months, increasing homebuyers' purchasing power by approximately $20,000 on a $3,000 monthly budget.

The median home price increased to $396,000, showing a 2.1% year-over-year growth - the fastest since early April. Total housing inventory rose 11.5% year-over-year, while pending sales declined slightly by 0.5%. Redfin's economists warn that buyers shouldn't wait for the Federal Reserve's expected September rate cut, as current mortgage rates already reflect this anticipated change.

Redfin (NYSE:RKT) has released its report on July 2025's most expensive home sales, with the iconic Spelling Manor in Los Angeles leading at $110 million. The top 10 sales featured four properties in Southern California, five in coastal Florida, and one former Obama summer residence in Martha's Vineyard.

Among July's notable transactions, four properties sold for over $40 million, including a $51.1 million beachfront compound in Delray Beach, FL. The report also revealed 2025's highest-value sales to date, led by a Naples, FL property at $133 million, with Spelling Manor ranking second.

Redfin (NYSE:RKT) released a revealing survey about homebuyer priorities in the challenging housing market. The study shows that while 78% of homebuyers consider personal safety a must-have, a significant 22% would compromise on safety for affordability.

The survey highlights the impact of current market conditions, where the median U.S. home prices have risen over 40% since pre-pandemic, and buyers need to earn $112,000 annually to afford a median-priced home - approximately $25,000 more than the typical U.S. household income.

For families with children, 59% prioritize highly rated schools as a must-have, while 41% would compromise on school quality for affordability. Home features like bedroom count and space ranked higher in priority than school ratings.

Rocket (NYSE:RKT) has appointed Viral Nation as its Social Media Agency of Record to transform its social media strategy with authentic homeownership storytelling. The partnership aims to move beyond curated content to deliver real stories and guidance for potential homeowners.

The collaboration builds on the success of Rocket's "Own the Dream" campaign, which included a Super Bowl ad and social campaigns that generated 247 million views nationwide. Viral Nation will focus on showcasing genuine client stories, implementing influencer ambassador programs, and managing community engagement to help Rocket connect with Americans throughout their homebuying journey.