ROCK-TENN COMPANY CL-A

RKT

Rocket Companies, Inc. (NYSE:RKT) stock is under pressure following its merger with Mr. Cooper Group Inc. (NASDAQ:COOP), as investors weigh the potential for cost synergies against a broader slowdown in mortgage origination.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--New listings of U.S. homes for sale rose 2.3% year over year during the four weeks ending October 5, the biggest increase in over three months, according to a new report from Redfin, the real estate brokerage powered by Rocket. Some sellers listed their homes in September as the weekly average mortgage rate dipped to 6.26%, a 10-month low, in hopes that lower rates would lure buyers. But buyers aren't budging. Pending sales fell 1.3% from a year ago, the biggest declin.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--Roughly one in six (17%) Americans are delaying a major purchase like a home or car because of the federal government shutdown. That's according to a new survey commissioned by Redfin, the real estate brokerage powered by Rocket. Another 7% are canceling plans for a major purchase altogether. The majority of Americans (65%) said the government shutdown has no impact on their purchasing plans. This is according to a Redfin-commissioned survey conducted by Ipsos on Octob.

SEATTLE--(BUSINESS WIRE)--Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% 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 14.3% a year earlier and marks the highest August rate in records dating back to 2017. Home purchases are falling through more frequently because buyers and sellers oftentimes aren't on the same page and aren't willing to compromise. Buyers ar.

Shares of Upstart Holdings Inc. NASDAQ: UPST, Affirm Holdings Inc. NASDAQ: AFRM, and Rocket Companies Inc. NYSE: RKT are under tremendous upside pressure right now. Each company has a strong individual value proposition, and some are already beginning to show in price action that hints at a potential bull run.

SEATTLE--(BUSINESS WIRE)--There were an estimated 72.3% more condo sellers than buyers (108,945 more) nationwide in August, according to a new report from Redfin, the real estate brokerage powered by Rocket. That marks the fifth straight month in which there have been at least 70% more condo sellers than buyers in the U.S. housing market. That makes spring and summer 2025 the strongest buyer's market for condo buyers in records dating back to 2013, with the exception of April 2020, when the sta.

Rocket Companies (RKT -2.99%) has been a roller coaster ride since its initial public offering (IPO) on the stock market in 2020. After rising as high as $43 per share in March 2021, Rocket's journey went into reverse in 2022 as rising interest rates contributed to a slowdown in the housing market.

Investor sentiment is rising for housing-related stocks, which are gaining traction as a result of recent and potentially ongoing interest rate cuts by the Federal Reserve.

RKT acquires Mr. Cooper in a $14.2B all-stock transaction, creating a mortgage powerhouse serving nearly 10M clients.

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Thursday.