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Live Updates Live Coverage Has Ended Rocket Companies (RKT) +5.21% 4:47 pm Rocket finally gave the Street what it needed — top-line acceleration and operational leverage. The Redfin deal is already boosting funnel activity, and AI-driven efficiency gains are showing up in EBITDA. This wasn’t just a beat — it was a tone shift. If rates cooperate, the upside case is alive again. Management Commentary 4:41 pm CEO Varun Krishna: “Successfully closing the Redfin transaction marks a proud milestone in our legacy. Our purchase funnel is expanding, conversion rates are rising, and Redfin clients are already closing with Rocket.” Krishna also emphasized Rocket’s goal to be “the AI-fueled homeownership platform”, citing meaningful progress in automation across underwriting and servicing. What Changed This Quarter 4:37 pm Redfin acquisition closed July 1, with early signs of funnel synergies already visible. Digital refinance flow can now complete in <30 minutes online —

SEATTLE--(BUSINESS WIRE)--Redfin, the technology-powered real estate brokerage and part of Rocket Companies (NYSE: RKT), has partnered with CubiCasa to give homebuyers a richer home search experience. Starting today, Redfin will highlight CubiCasa-generated floor plans and CubiCasa Tours™ for any active listing where they're available, offering buyers valuable insights into a home's layout. Redfin is the first major real estate search site to integrate CubiCasa's interactive floor plans into th.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--Sales of starter homes rose 3.9% year over year in June to the highest level in two years, a bright spot in an otherwise sluggish housing market where sales fell across other price tiers. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. June was the 10th consecutive month in which home sales rose year over year, indicating that first-time homebuyers are jumping into the market. Redfin Home Tiers Home Price Percentile Median Sal.

SEATTLE--(BUSINESS WIRE)--$51.7 billion worth of homes in the city of Los Angeles—or roughly 11,000 residential properties—were impacted by the wildfires in January, according to a new report from Redfin, the real estate brokerage powered by Rocket. The report analyzes data from the Los Angeles City Council. The council shared a list of 11,125 residential parcels in the city of Los Angeles that were inspected by the Los Angeles Department of Building and Safety after the wildfires. Redfin was a.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--The median price of a U.S. home rose 1% to a record $447,035 in June, straining affordability for many Americans. But for international buyers using Russian, Japanese or European currencies, the typical home now costs 5% to 10% less than it did a year ago—thanks to a weaker U.S. dollar. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. home prices are down nearly 10% in Russian rubles Of the foreign currencies Redfin examin.

SEATTLE--(BUSINESS WIRE)--The median U.S. asking price is $403,000, up just 2.2% year over year, the smallest increase in nearly two years, according to a new report from Redfin, the real estate brokerage powered by Rocket. Asking prices are losing steam because it's a buyer's market and sellers are realizing they must price lower to attract buyers. There were roughly half a million more home sellers than buyers in the U.S. as of springtime. While new listings have since slowed, rising just 0.6.

Daryl Fairweather, Redfin chief economist, joins 'Fast Money' to talk how Pres. Trump's proposal to end capital gains tax on homes.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--Just over 57,000 home-sale agreements nationwide were canceled in June, equal to 14.9% of homes that went under contract that month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's up from 13.9% a year earlier and is the highest June share in records dating back to 2017. Pending home sales are falling through at a higher rate than in the past largely because it's a buyer's market. There are hundreds of thousands more U.S. home.

SEATTLE--(BUSINESS WIRE)--New listings of U.S. homes for sale fell 3.2% in June to the lowest seasonally-adjusted level since October 2023, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's the biggest month-over-month decline since February 2023. New listings fell 3.4% year over year, the first annual decline since October 2023. Active listings—the total number of homes for sale—fell 0.3% month over month in June. That's the first decline since July 202.

SEATTLE--(BUSINESS WIRE)--The median U.S. asking price was $407,000 during the four weeks ending July 13, up 2.9% year over year, the smallest increase in over four months. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. The median asking price is just slightly higher than the median home-sale price of $401,120; the small size of that gap is a sign that sellers are starting to price their homes lower as they realize it's a buyer's market. The median sa.