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 (RKT) reports a record January cancellation rate: 13.7% of pending home sales were canceled nationwide in January 2026, up from 13.1% a year earlier. Cancellation rates are highest in San Antonio (21.2%), Atlanta (18.5%) and Cleveland (17.9%), and lowest in San Francisco (3.5%).
Redfin attributes the rise to buyer-leaning markets with more sellers than buyers and to buyer financial uncertainty amid high housing costs and economic worries.
Redfin (powered by Rocket, NYSE:RKT) reports nearly half of U.S. residents (49%) struggle to afford rent or mortgage payments, up from 44% in May 2025. Gen Z is hit hardest: 67% struggle and just 27.1% own homes.
Common sacrifices include eating out less (39%), skipping vacations (34%), selling belongings (16%), and skipping meals (15%). Redfin expects affordability to modestly improve if mortgage rates stay near 6% and wage growth outpaces housing costs.
Redfin reports a nationwide imbalance: in January sellers outnumbered buyers by 44% (about 600,314 more sellers), the second-largest gap since 2013. Only five metros were seller’s markets; most of the Sun Belt and West were strong buyer’s markets. Homebuyers fell to an estimated 1.36 million, the lowest on record.
Regional extremes include Miami (+159% more sellers), Milwaukee (+11% median price growth YoY) and Newark (31% fewer sellers than buyers).
Redfin (RKT) reports the median U.S. home sale price rose 1.1% year-over-year in January to $422,921, while weak buyer demand produced the strongest buyer’s market in recent history. Pending sales, existing-home sales and overall sales fell month over month, and the typical home spent 66 days on market.
Mortgage rates eased to 6.1% and wages rose 3.7% YoY, but cancellations and slow sales kept price growth subdued.
Redfin (RKT) reports U.S. pending home sales fell 5.8% year-over-year in the four weeks ending Feb. 15, 2025, the largest decline in a year.
The typical home now takes 67 days to go under contract, median sale price is $379,176 (+1.1%), weekly average 30-year rate is 6.09%, and new listings dropped 3.1%.
Redfin (RKT) reports that a waterfront Naples, FL estate led January’s priciest U.S. home sales at $55 million. Two sales topped $40 million and all top-10 transactions exceeded $29 million. Six of the 10 most expensive January sales occurred in Florida; others were in CO, HI, CA and NY.
Redfin (RKT) reports U.S. home prices rose 0.3% month-over-month in January 2026 and 2.1% year-over-year, extending a nearly 12-month slowdown in annual growth. The Redfin Home Price Index uses repeat-sales methodology and shows mixed metro performance, mortgage rates at 6.09%, and a record 47% more sellers than buyers.
Prices fell month-to-month in 14 of the 50 largest metros; largest January gains were in Philadelphia, Providence and San Francisco, while Austin, San Antonio and Jacksonville led year-over-year declines.
Rocket (NYSE:RKT)-powered Redfin reports 29% of U.S. homebuyers paid all cash in December 2025, down from 30.3% a year earlier and the lowest December share since 2020. FHA use fell to 14.4%, while conventional loans rose to 78.6%. The national 30-year fixed mortgage rate sits near 6.09%.
Redfin cites lower mortgage rates and a record buyer’s-market imbalance (sellers outnumber buyers by 47%) as reasons cash offers declined despite localized pockets of high cash buying in Florida.
Redfin (RKT) reports the typical U.S. homebuyer’s down payment fell to $64,000 in December 2025, a 1.5% year-over-year decline and the first drop in five months. The median down payment share fell to 15.2% from 16.7% a year earlier. Metro-level swings were large: San Francisco had the highest median down payment while Virginia Beach had the lowest, reflecting differing loan mixes and regional affordability.
The average 30-year mortgage rate stood at 6.09%, near 2022 lows, which may affect buyer activity in 2026.
Redfin (powered by Rocket, NYSE:RKT) commissioned a survey finding 64% of single Americans struggle to afford regular rent or mortgage payments versus 39% of married people. Singles report lower household incomes: 48% earn under $50,000 versus 9% of married households.
Redfin highlights geographic "singles tax": typical D.C. condo costs $379,000 (annual extra for a single: $17,844), while San Francisco condos show a $41,700 annual singles tax on a $980,000 typical condo.