Rocket Mortgage
Coverage of Rocket Mortgage in the Nexus archive.
- The sports economy is unaffordable at the bar, let alone the stadium
A survey by Intuit Credit Karma and The Harris Poll reveals rising sports costs are pricing fans out of bars and stadiums, with 1 in 5 fans avoiding watch parties due to expenses like $12 beers. Fans are split between taking on debt to attend high-cost events (e.g., $279,804 Knicks courtside tickets) or cutting back entirely, with 16% now unable to afford live events they previously could.
- From 3 Years to 65 Years: New Data Reveals the Radical Down Payment Divide Between U.S. Cities
A Rocket Mortgage analysis reveals a stark geographic divide in the U.S. for first-time homebuyers, with households in New York City needing 65 years to save for a median down payment, while those in Warren, Michigan, require just 3 years. The disparity stems from varying home prices, median incomes, and down payment percentages across cities.