Opendoor: The Fed Pivot May Jumpstart Its Prospects

Talaj Trading View 1. The Fed Pivot Is Near Much of the tailwinds are attributed to the consistent moderation in the US core CPI to 3.3% by June 2024 (-0.1 points MoM/ -1.5 YoY), with us nearer to the prepandemic averages of 2% than the September 2022 peak of 6.2%. OPEN has been reporting lower inventory values over the past few quarters, at an average inventory price of $330K per home in FQ1'24 (-1% QoQ/ -2.3% YoY), compared to the peak average inventory price of $388K per home in FQ2'22. The lower invento ...