Redfin Reports 15% of Home Purchases Fell Through in October, Up Slightly From a Year Earlier
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
Homebuyers are getting cold feet due to high housing costs and economic uncertainty. Many are convinced they’ll be able to find a home they like better because there are so many listings on the market.Homebuyers are most likely to walk away in Texas and Florida, and least likely in Nassau County, NY and the Bay Area. SEATTLE--(BUSINESS WIRE)--Roughly 53,000 U.S. home-purchase agreements were canceled in October, 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.This is based on a Redfin analysis of MLS pending-sales data. The data is seasonal, which is why this October is compared to past Octobers.Home-purchase cancellations remain elevated for several reasons. High housing costs and economic uncertainty are giving some buyers cold feet. It’s also a buyer’s market, with home sellers significantly outnumbering homebuyers. This means buyers in most areas
Show less
Read more
Impact Snapshot
Event Time:
RKT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RKT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RKT alerts
High impacting Rocket Companies, Inc. Class A news events
Weekly update
A roundup of the hottest topics
RKT
News
- Rocket Companies, Inc. (RKT): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Rocket Companies' Dan Gilbert on housing affordability: The only thing that solves it is supply [CNBC]CNBC
- Redfin Reports Investor Activity Is Muted, With Home Purchases Up 1% and Market Share Holding SteadyBusiness Wire
- Inside Detroit's newest building: Dan Gilbert on rebuilding Hudson's Detroit [CNBC]CNBC
- A new era in Detroit: Rocket Companies' Dan Gilbert on his road to recovery, reinvesting in the city [CNBC]CNBC
RKT
Earnings
- 10/30/25 - Beat
RKT
Sec Filings
- 12/4/25 - Form 4
- 12/2/25 - Form 4
- 11/28/25 - Form 4
- RKT's page on the SEC website