Despite operating in “one of the hardest mortgage markets in a generation” that’s “punishing” for American families as described by its CEO, Rocket Companies reported Q3 adjusted earnings above Wall Street expectations, with shares rising about 3% in after-hours trading Oct. 29. Rocket reported a GAAP (Generally Accepted Accounting Principles) total revenue of $3.28B, up…
Above, left, the Betsy Ross House in Philadelphia and the 1892 Bishop’s Palace in Galveston, Texas Redfin has announced the launch of Redfin Presents Iconic Homes of America, a new creative franchise honoring America’s 250th anniversary by spotlighting the stories of influential homes in the American story. Featured alongside millions of homes for sale or…
On Oct. 14, a former employee filed a class-action lawsuit against the tech-based brokerage and listing platform Redfin—and its parent company Rocket—after a data breach this year. The plaintiff, Frankie Moreno, worked for the company from around September 2020 to November 2022. According to the 44-page complaint, Moreno alleges that the data breach compromised the…
Just two months after the Federal Trade Commission (FTC) settled its lawsuit with Zillow and Redfin over the two portals’ alleged anti-competitive agreement, two U.S. Senators have issued a new letter petitioning the organization to take aim at alleged anti-competitive practices on the home-buying side of portals. Senators Elizabeth Warren and Cory Booker penned the…
The Iran War continues to weigh heavily on the economy and the housing market, with mortgage rates returning to the 7% range as inflation remains elevated. With rates now peaked at nearly a three-year high, a new report from Redfin found that housing affordability is once again being eroded and home sales are paying the…
Higher mortgage rates are reshaping the fall housing market, pushing more sellers to reduce prices while fewer buyers move forward with a purchase, according to the recently released Realtor.com® September 2026 Monthly Housing Trends Report. The share of active listings with a price reduction rose to 20.8% in September, up 0.9 percentage points from a…
Home-price growth looks to be continuing to decelerate into the housing market’s fall slowdown, according to a new report from Redfin. Redfin’s latest Home Price Index (RHPI) data saw home prices rise 0.25% month-over-month in August, down from the 0.26% growth seen in July and the 0.27% growth in June. This trend tracks with what…
In the post-COVID era, the housing market has sat pretty firmly in seller’s territory. Record high home prices, elevated mortgage rates and inflation have all kept many buyers on the sidelines. For those that have entered the playing field, though, they’ve been faced with sellers who would more often delist a home rather than lower…
Turns out the pandemic was good for one positive trend. More people than ever moved away from U.S. counties at risk for poor air quality. The tendency continues today, but not to the same extent. A new report from Redfin shows that counties at low risk posted a net inflow of 296,342 in 2025, roughly…
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Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. FTC reaches a settlement with Zillow and Redfin syndication Nearly a year after the Federal Trade Commission (FTC) filed an anti-trust lawsuit against Zillow and Redfin over an “illegal anti-competitive agreement,” the parties…
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