Rocket Companies Inc Stock Price, News & Analysis

Redfin (symbol RKT) reports U.S. home turnover hit a multi-decade low in 2025: just 2.77% (28 of 1,000 homes) changed hands through Sept, the lowest rate since at least the early–mid 1990s.

Sales were 37.7% lower than the 2021 pandemic peak (44 per 1,000). New listings ticked up to 3.9% (39 per 1,000). Single-family sales slightly outpaced condos: 29.9 vs 22.2 sales per 1,000 homes. Turnover varied widely by metro, from 35.2 in Virginia Beach to 10.3 in New York.

Rocket Companies (NYSE: RKT) reported Q3 2025 results with total revenue, net $1.61B, adjusted revenue $1.78B (above guidance), GAAP net loss of $124M, and adjusted net income $158M. Adjusted EBITDA was $349M. Mortgage closed origination volume was $32.4B (+14% YoY) and net rate lock volume was $35.8B (+20% YoY). Total liquidity was $9.3B (including $5.8B cash). Servicing portfolio unpaid principal balance was $613B, generating ~$1.7B annualized servicing fee income. On October 1 the company completed an all‑stock acquisition of Mr. Cooper and redeemed/refinanced legacy Nationstar notes; Jay Bray joined as Rocket Mortgage CEO. Q4 2025 adjusted revenue outlook: $2.1B–$2.3B.

Redfin (RKT) reports the typical U.S. luxury home sold for $1.26M in September 2025, up 4.8% year‑over‑year and a record high for the month. Non‑luxury median price rose 1.8% to $371,583.

Luxury prices have climbed about 11% since Sept 2023 versus roughly 6% for non‑luxury, as higher‑end buyers—many cash purchasers—stay active. Luxury inventory rose 7.7% YoY and non‑luxury inventory rose 11.4% YoY. Pending sales were modestly higher for both segments.

Redfin (RKT) reports the median U.S. monthly housing payment was $2,530 for the four weeks ending Oct. 26, 2025, down 1.4% year‑over‑year, the largest decline since Nov. 2024.

Mortgage pressure eased as the weekly average 30‑year fixed rate fell to 6.19% (week ending Oct. 23), offsetting a 1.9% rise in the median home‑sale price to $391,750. Other indicators: pending sales +1% YoY, new listings +4.6% YoY, active listings +6.9%, and months of supply 4.6 (+0.3 pts).

Redfin (RKT) reports newly built single-family homes comprised 26.8% of for-sale inventory in August 2025, the lowest share in four years, down from 28.2% a year earlier and 30.6% two years earlier.

Existing-home listings have rebounded as more homeowners list, while housing starts fell 6% year-over-year and housing completions fell 8.4%. Median days on market reached 50 days in September, the longest since 2016. Builders are offering incentives—rate buydowns, closing-cost assistance and appliances—to move completed inventory.

Bay Area housing market (RKT) is accelerating as pending home sales in San Francisco rose 17.1% YoY in September and reached the highest September level since 2021. Typical homes sold fast: San Jose 19 days, San Francisco 21 days, versus 50 days nationwide. Nearly half of San Jose and San Francisco contracts occurred within two weeks.

Drivers cited include rising incomes from an AI hiring boom, a return-to-office lift, improving affordability, lower mortgage rates (~6.2%) and shrinking active listings.

Redfin (RKT) reports mortgage rates falling to a daily average of 6.17% (Oct. 22), near a three-year low, boosting buyer purchasing power: a $3,000 monthly budget now supports a $473,750 home versus $447,750 a year ago.

Despite stronger affordability and a 4.6% rise in new listings, pending sales slipped 0.7% YoY in the four weeks ending Oct. 19 and the median sale price rose 2% YoY. Redfin highlights regional divergence: several metros show double-digit price or pending-sales moves, while sellers overall outnumber buyers by about 500,000.

Redfin (RKT) reports Austin, TX was the nation’s strongest buyer’s market in September 2025, with an estimated 130% more sellers than buyers. Nationwide, sellers outnumbered buyers by 36.7%, near the record gap (June 2025: 36.9%). Seven metros had sellers at least 2-to-1 versus buyers, mostly in Texas and Florida. Redfin used MLS active listings and pending-sales data plus proprietary buyer-timeline estimates to produce metro-level counts (example: Austin 17,403 sellers vs. 7,568 buyers; Miami 20,748 vs. 9,779).

The report notes large year-over-year shifts: Austin up 49 percentage points versus last year; Denver +45.7 ppts; Las Vegas +44 ppts. Newark was the strongest seller’s market (41.9% fewer sellers than buyers).

Rocket (NYSE:RKT)-linked Redfin reports that 15% of U.S. homebuying contracts were canceled in September 2025, up from 13.6% a year earlier. That equals just over 53,000 canceled purchase agreements nationwide.

Cancellations rose in 44 of the 50 largest metros. The highest metro rates were Tampa 20.1%, San Antonio 19.0% and Atlanta 19.0%. Deals most often fall apart during the inspection period, accounting for more than 70% of contract failures, per Redfin agents.