The Latest Breaking News from OPEN

Home buying sentiment has been improving lately. Moreover, declining mortgage rates should further support the real estate industry. Given the sound prospects of the real estate sector, investors could consider buying quality real estate stock, AMREP (AXR). However, WeWork (WE) and Opendoor Technologies (OPEN) might be best avoided considering their…

While the Fed announced a quarter-point interest rate hike this month as expected, the central bank is far from its victory. Moreover, experts are doubting the market’s strength to be able to sustain the rally seen in January. Therefore, fundamentally weak stocks NVIDIA (NVDA), Ally Financial (ALLY), Opendoor Technologies (OPEN),…

Amid high prices and aggressive rate hikes, consumer confidence has declined for November. Moreover, several banks expect volatile economic conditions for 2023. Also, a recession hitting the U.S. economy seems likely in the coming year. Therefore, investors might avoid fundamentally weak stocks Carvana (CVNA), Opendoor Technologies (OPEN), and Skillz (SKLZ).…

Despite rising home prices and the Fed’s aggressive pace of interest rate hikes, long-term growth prospects for the real estate industry seems promising amid rapid digitization and technological advancements in this sector. Therefore, while investors could add Guild Holdings (GHLD) to their portfolios, Opendoor (OPEN) might be best avoided now,…

Mortgage rates continue to soar amid consecutive federal rate hikes, while consumer confidence in the housing sector has vastly declined. Amid declining homebuyer demand, fundamentally weak real estate services stocks Opendoor Technologies (OPEN) and Fathom Holdings (FTHM) could be best avoided. Keep reading….

Amid the Fed’s consecutive rate hikes, mortgage rates have hit record highs. This has led to adverse housing and real estate situations, with sales witnessing a freefall for months. Given the unfavorable environment, fundamentally weak real estate stocks WeWork (WE) and Opendoor Technologies (OPEN) could face more trouble and might…

U.S. stocks traded higher this morning, with the Dow Jones surging more than 100 points on Tuesday.

Shares of real estate services company Opendoor Technologies (OPEN) are trading nearly 89% below its 52-week high. With the real estate industry witnessing severe headwinds currently, we think the stock could slide even further. Read on to learn more….

In its efforts to tame the persistently high inflation, the Fed has been aggressively hiking interest rates. However, the rising interest rates have dampened housing demand. With the Fed reiterating its hawkish stance, the housing market is expected to remain under pressure. Given this backdrop, it could be wise to…