This Growth Stock Has Bucked the Housing Downturn and Doubled in a Year. Is It Still a Buy?
Nearly every business related to the housing market has struggled lately. That includes businesses connected to real estate transactions like Redfin and Opendoor Technologies, home improvement retailers like Home Depot and Lowe's, and residential REITs like Invitation Homes. Mortgage rates have remained elevated even as the Federal Reserve has begun lowering its benchmark rates, and existing home sales are well below pre-pandemic levels due to higher mortgage rates and the lock-in effect of low mortgage rat ...