Rocket Companies Inc Stock Price, News & Analysis

Rocket Companies (NYSE:RKT) announced key developments regarding its pending acquisition of Mr. Cooper Group. Nationstar Mortgage Holdings, a Mr. Cooper subsidiary, has delivered conditional redemption notices for three series of senior notes due 2026, 2027, and 2028, with redemption scheduled for October 1, 2025.

Following the acquisition's completion, Rocket Companies will implement an internal reorganization where Nationstar will transfer its assets and liabilities to Rocket Mortgage, LLC. Rocket Mortgage will assume Nationstar's obligations under various senior notes due between 2029 and 2032. The acquisition is expected to close in Q4 2025, subject to regulatory approvals and customary closing conditions.

Redfin (NYSE:RKT) reports that Summer 2025 marked the strongest buyer's market in over a decade, with 35.2% more sellers than buyers (505,915) in August 2025. The report reveals there were approximately 1.44 million homebuyers in August, the lowest level since 2013 excluding the pandemic period.

The analysis shows that mortgage rates have decreased to 6.26%, with potential for further reduction following the Federal Reserve's rate cut. The market has lost about 50,000 sellers since May, dropping to 1.94 million in August. Florida and Texas emerged as the strongest buyer's markets, with Miami showing 143% more sellers than buyers, while Newark, NJ leads seller's markets with 43% fewer sellers than buyers.

Redfin (NYSE:RKT) reports a significant decline in housing supply, with active listings falling 1.4% month-over-month in August 2025—the largest seasonally-adjusted decline since June 2023. The median home sale price increased 1.7% year-over-year to $440,004, marking the biggest uptick since March.

The housing market shows signs of cooling with new listings dropping 1.1% month-over-month to the lowest seasonally-adjusted level since January 2024. Despite mortgage rates falling to 6.26%, the lowest in roughly a year, existing-home sales are expected to end 2025 at around 4.05 million, similar to 2024's levels—the worst since 1995.

The market currently favors buyers, with sellers outnumbering buyers by 35.2%—the second-largest margin on record. Homes are taking longer to sell, with the typical property spending 47 days on market, the slowest August since 2016.

Redfin (NYSE:RKT) has released a comprehensive analysis of the increased SALT (State and Local Tax) deduction cap's impact across U.S. states. The cap increase from $10,000 to $40,000 could result in significant tax savings for homeowners who itemize deductions.

The analysis reveals that New York homeowners could save the highest amount at $7,092 annually, followed by California ($3,995) and New Jersey ($3,897). Massachusetts leads with 85.5% of homeowners potentially benefiting from the new cap, while only 1% of homeowners in Tennessee and Nevada would benefit.

At the metro level, Nassau County, NY homeowners could save the maximum amount of $7,200 annually, with 96.1% of homeowner households potentially benefiting from the increased cap. The impact varies significantly based on local property values, state income taxes, and property tax rates.

Redfin (NYSE:RKT) reports a complex housing market situation as mortgage rates decline to 6.35%, their lowest level in nearly a year. The median U.S. home-sale price increased 2.2% year-over-year to $392,225 during the four weeks ending September 14, marking the biggest increase in five months.

Despite lower rates, pending home sales grew just 0.8% year-over-year, as many buyers remain hesitant, hoping for further rate drops. The median monthly housing payment stands at $2,590, near 2025's lowest level. New listings are up marginally at 1.1%, while total listings increased 9.9%, the smallest rise since March 2024.

Following the Fed's recent rate cut and signal of two more potential cuts this year, Redfin economists expect mortgage rates to remain steady pending further economic data.

Redfin (NYSE:RKT) has released a comprehensive analysis of college town real estate markets, revealing Santa Barbara, CA as the most expensive college town with a median home price of $1.96 million. The study shows that coastal locations significantly influence housing costs, with Boca Raton, FL ranking second at $822,701.

The report identifies the most affordable college towns in the Rust Belt, with Dayton, OH leading at a median price of $137,261, followed by Syracuse, NY at $169,779. Redfin's Chief Economist emphasizes the need for more housing construction and updated zoning laws to improve affordability for students and faculty.

Redfin (NYSE:RKT) reports a significant 19.5% year-over-year decline in Canadian users searching for U.S. homes on Redfin.com in August 2025. The decline began in February following the White House's implementation of 25% tariffs on Canadian imports, with the steepest drop of 34.2% recorded in April.

The report reveals that 46 out of 50 largest U.S. metros experienced decreased Canadian search activity, with West Palm Beach, FL showing the largest decline at 26.6%. In 2024, Canadians represented 13% of foreign buyers, investing $5.9 billion in U.S. real estate. Only four metros - Kansas City, Nashville, Jacksonville, and Fort Worth - saw increased Canadian interest.

Redfin (NYSE:RKT) reports that 48% of newly built apartments in Q1 2025 were rented within three months, showing an upward trend from 47% in Q4 2024 and 46% in Q3 2024. This marks a shift from the declining absorption rates seen during 2021-2023.

The increase comes as new apartment completions hit their lowest level since Q4 2023, with only 97,000 new units completed in Q1 2025. The median U.S. asking rent rose 2.6% year over year to $1,790 in August 2025, the largest increase since December 2022. While apartment construction remains above pre-pandemic levels, building permits have fallen below pre-pandemic figures, suggesting potential future supply constraints.

Redfin (NYSE:RKT) reports that declining mortgage rates have reduced the median U.S. monthly mortgage payment to $2,604, over $200 below May's peak. The daily average mortgage rate hit an 11-month low of 6.28%, increasing homebuyers' purchasing power by $20,000 since mid-summer.

Despite lower rates, homebuyer activity remains cautious. The median sale price rose 1.7% year-over-year to $393,000, marking the second-biggest increase since April. New listings grew just 1.3% year-over-year, while pending sales showed a modest 1.1% increase. Redfin's Homebuyer Demand Index is declining as buyers remain selective and attempt to negotiate with sellers.