The residential real estate market tightened up in 2022 and 2023. Many homeowners -- sitting on low-interest-rate mortgages -- decided against selling their homes after the Federal Reserve went through its quickest rate-hiking cycle in history in its effort to bring soaring inflation back down. The combination of lower inventory, higher mortgage rates, and persistently high asking prices froze real estate activity in the United States, and the market will likely take many years to thaw out.Almost every comp ...

Opendoor Technologies Inc. (OPEN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -18.7% over the past month versus the Zacks S&P 500 composite's +5.3% change. The Zacks Technology Services industry, to which Opendoor Technologies Inc. belongs, has gained 4.4% over this period. Now the key question is: Where could the stock be headed in the near ter ...

Shares of Opendoor Technologies (OPEN -8.29%) were falling today after strong economic data tamped down expectations that the Federal Reserve would cut interest rates soon.Opendoor's decline today was in line with rising Treasury yields and mortgage rates, following the Fed's rate decision and commentary last week, and a strong employment report on Friday.As of 3:04 p.m. ET, the stock was down 8.5%. Opendoor's decline continuesFew stocks have as much sensitivity to interest rates as Opendoor, which makes mo ...

Shares of digital real estate stock Opendoor Technologies (OPEN -0.85%) dropped 23% in January according to data provided by S&P Global Market Intelligence. There wasn't any significant news, but there was plenty of pessimism about the real estate industry.A better way to buy and sell homesOpendoor operates an iBuying platform connecting buyers and sellers. It makes quick offers on homes without the need for staging and open houses, which benefits sellers, and it makes the necessary home improvements to hav ...

Opendoor Technologies Inc. (OPEN) closed the most recent trading day at $3.50, moving -0.85% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.07%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, added 1.74%.The company's stock has dropped by 12.19% in the past month, falling short of the Business Services sector's gain of 3.12% and the S&P 500's gain of 2.93%.Investors will be eagerly watching for the performance of Opendoor Technologies ...

Real estate stocks have gotten crushed over the last couple of years as soaring mortgage rates have squeezed demand. At the same time, homeowners who capitalized on rock-bottom mortgage rates during the earlier days of the pandemic are reluctant to sell and give up their low mortgage rates.As a result, existing home sales slipped to their lowest level last year, falling 19% to 4.09 million. That's even lower than they were during the trough in the housing market crash during the global financial crisis of 2 ...

In 2021 and 2022, the hypergrowth technology bubble popped. Last year, it started to reinflate. Embodying this trend is Opendoor Technologies (OPEN -0.89%), a digital platform for residential real estate. The company, which went public through a special purpose acquisition company (SPAC) in 2020, saw its shares collapse more than 97% from their all-time high in 2021.After starting 2023 trading near just $1 per share, the stock surged 286% last year. A lot of people have bet on Opendoor's comeback, but smart ...

After a difficult 2022 as the housing market cooled off, Opendoor (OPEN -0.89%) was one of the stock market's top performers of 2023. The iBuyer just made a major leadership change, and the real estate market looks as if it could finally be turning a corner. What's in store for 2024?*Stock prices used were the afternoon prices of Jan. 25, 2024. The video was published on Jan. 26, 2024. ...

The most recent trading session ended with Opendoor Technologies Inc. (OPEN) standing at $3.35, reflecting a -0.89% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 0.07% for the day. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.36%.The company's shares have seen a decrease of 27.62% over the last month, not keeping up with the Business Services sector's gain of 1.03% and the S&P 500's g ...

Opendoor Technologies Inc. (OPEN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -31.2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Technology Services industry, to which Opendoor Technologies Inc. belongs, has lost 2% over this period. Now the key question is: Where could the stock be heade ...