In downgrade, Rocket Companies prices stock at $18 per share for IPO
The total number of shares and pricing is a downgrade from the company's initial announcement offering 150M shares at a price ranging between $20 and $22 per share
by Patrick Kearns Aug 6
Housing starts and permits continue to recover from lows
Housing starts jumped more than 17% from May to June as the housing market continues to recover from stay-at-home orders
by Patrick Kearns Jul 17
Quicken Loans files for IPO as Rocket Companies
The Detroit-based lender announced the Rocket brand in 2015 and now plans to use the symbol RKT on the New York Stock Exchange
by Jim Dalrymple II Jul 7
New permits and housing starts are finally trending upward
While still below 2019 levels, forward-looking indicators for the housing market are showing some positive signs, according to the US Census Bureau
by Patrick Kearns Jun 17
Home price gains extend into January — but virus looms large
Home prices rose 3.9% in January, but the data does not take into account the impact of the coronavirus pandemic, which didn't take hold in the US until late February
Rocket Homes launches local trend reports
The sister company to Quicken Loans will allow consumers and agents to see trend data like the changes in median price, or whether its a buyer's or seller's market
by Patrick Kearns Feb 5
Mortgage companies compete for Super Bowl spotlight
Major mortgage lenders and real estate companies joined the Super Bowl advertising fray, where commercial spots cost $5.2M for 30 seconds
by Patrick Kearns Feb 3
Home sales climb in December for a strong finish to 2019
Existing-home sales jumped 10.8% year-over-year in December, according to NAR
by Patrick Kearns Jan 22
JLL, Century 21 among top real estate firms on Forbes diversity list
Airbnb, Realogy, Compass and several other real estate firms also made the list
by Jim Dalrymple II Jan 21
Explosion of housing permits a good sign for 2020: Economist
Housing starts are up 11.1% over November 2018 while permits increased by 13.6%
by Patrick Kearns Dec 17
How to position yourself as a niche industry expert
Industry professionals believe finding a niche is the best way to separate yourself from the noise, but that requires dedication and research
by Patrick Kearns Jul 23
Quicken sets multiple company records during best quarter ever
The lender originated more than $10B in loans each month during the second quarter of 2019
by Jim Dalrymple II Jul 17