This real estate stock has been getting crushed this year. Why Josh Brown likes it

March 11, 2026 - 08:24

The mortgage and real estate services giant, Rocket Companies, has faced significant headwinds in 2024, with its stock price plummeting approximately 20% since the start of the year. The decline reflects broader market pressures, including persistent high interest rates that have continued to dampen mortgage origination volume and create a challenging housing market.

Despite this punishing performance, prominent investor and Ritholtz Wealth Management CEO Josh Brown has highlighted a potential catalyst for a turnaround. He points to the company's strategic recent acquisitions as a key reason for optimism. These moves are seen as efforts to diversify Rocket's business model beyond its core mortgage lending, building out a more comprehensive financial and real estate services platform.

Brown suggests that this expansion strategy, undertaken during a period of weakness, could position the company to capture greater market share and improve profitability when the housing cycle eventually improves. The current depressed stock price, therefore, may not fully reflect this longer-term growth strategy. While the near-term environment remains difficult, these foundational investments are viewed by some analysts as a signal that the company is preparing for a future rebound, making its current valuation an attractive point for investors with a longer time horizon.