Investors buying ~40% of vacant lots affected by California wildfires, Redfin says [Seeking Alpha]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Seeking Alpha
the vacant lots being sold, Redfin, the real estate brokerage owned by Rocket Companies ( RKT ), said on Tuesday. In the 90272 zip code (Pacific Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters Sign Up Quick Insights Investor activity is high because many homeowners, especially elderly or underinsured ones, cannot afford to rebuild, leading them to sell vacant lots, while drawn-out permit processes deter rebuilding and bring properties to market. Investor purchase shares increased significantly; for example, Malibu investor share of sold lots rose from 21.4% previously to 44.2% now, while both Pacific Palisades and Altadena showed a shift from zero investor activity the prior year to about 40% now. Oversupply is leading to many lots sitting unsold and forcing sellers to cut prices, with many lots offered in the $500,000-$600,000 range, which is much less tha
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RKT
News
- Rocket Companies (RKT) Jumps as Fed Hints at Keeping Rates Steady For Now [Yahoo! Finance]Yahoo! Finance
- Rocket Companies (NYSE:RKT) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Vacant Lots for Sale Are Piling Up After the L.A. Fires; Investors Are Buying 40% of Those That SellBusiness Wire
- As Mortgage Rates Remain High, This 1 Stock Has Been a Big Winner in 2025 [Yahoo! Finance]Yahoo! Finance
- Does Rocket (RKT) Relying on a Bigger Bank Facility Reframe Its Mortgage Risk-Reward Profile? [Yahoo! Finance]Yahoo! Finance
RKT
Earnings
- 10/30/25 - Beat
RKT
Sec Filings
- 12/31/25 - Form 4
- 12/29/25 - Form 4
- 12/23/25 - Form 4
- RKT's page on the SEC website