|Bid||1.7300 x 36100|
|Ask||1.7400 x 45900|
|Day's range||1.6300 - 1.8400|
|52-week range||0.9170 - 9.2050|
|Beta (5Y monthly)||1.86|
|PE ratio (TTM)||N/A|
|Earnings date||03 May 2023 - 08 May 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||3.66|
Yahoo Finance Live discusses a surge in real estate stocks amid reports that the Fed won’t raise interest rates following the collapse of Silicon Valley Bank.
Fourth-quarter earnings gave investors some insight into Opendoor's progress. Opendoor, which buys homes with cash offers and resells them for a fee, purchased a whopping 14,135 homes in the second quarter of 2022. Opendoor has been frantically trying to off-load these homes over the past two quarters, losing a lot of money in the process.
The COVID-19 pandemic provided a generational catalyst for the U.S. housing market. Median home prices soared over 40% in less than two years as record-low interest rates drove the cost of financing a home to new lows and work-from-anywhere policies allowed more young adults to move away from downtown urban areas. Now mortgage rates are soaring, causing housing prices to stagnate and even decline in many regions around the country.