Rocket’s ‘Apple of homeownership’ flywheel is getting more complex

Rocket Companies’ industry-shaking plan to acquire Mr. Cooper in a $9.4 billion deal comes just weeks after the Detroit-based lender announced its acquisition of real estate brokerage Redfin for $1.75 billion.Rocket CEO Varun Krishna and Mr. Cooper CEO Jay Bray — who is slated to report to Krishna a

Home price signals continue to weaken for 2025

There are three big trends in the spring 2025 housing market:Supply continues to build. This is measurable in both the total unsold inventory and the number of new listings each week. Because each week we have 8–15% more sellers than last year, the total inventory will continue to build unless and u

Treasury Department plans to cut thousands of employees

Elon Musk and his team in the White House reportedly plan to lay off a substantial portion of employees in the U.S. Department of Treasury as part of their ongoing effort to reduce the federal workforce.In a court filing Tuesday surfaced by Bloomberg Law, the Treasury’s Deputy Assistant Secretary Tr

New home sales report shows completed units could be a problem

Today’s report on new home sales reveals a slight shortfall in sales estimates. However, it also emphasizes a more critical issue: the currently elevated supply of new homes. This surplus has significantly contributed to the stagnation of housing permits for some time. By addressing and reducing the