A lot of people don't understand the housing market. Homebuyers buy on monthly payments, and the biggest obstacle is high mortgage interest rates. Once mortgage interest rates decrease to the 5s, you'll see $OPEN moon! @nejatian is doing a great job focusing on the new mission.
$open 🪖 we are still early. When mortgage rates fall, we will see a housing boom again! Homebuyers buy based on payments so the lower the interest rate, the more house buyers can afford to pay. Let's go!
@mudirshin@CantoRobinHood What we need is mortgage interest rates to fall, because homebuyers buy houses based on payments. The lower the interest rate, the more house buyers can afford to pay.
@JanErik51430 The thing that is holding $OPEN back is interest rates and we need it to fall to turn the housing market into a seller's market and maybe we'll see bidding wars again, which will increase OPEN's profits. Buyers buy homes based on payment so interest rates are very important.
Spontaneous video while checking the waves. Just he perspective of a surfing serf. Not advice but may be helpful to stay cool, calm and collected. If it’s helpful let me know. $OPEN army blessings!
@1337u53r It'll probably take some time before the feds start cutting the federal funds rate and the 10-year falls since PPI came in hot today. Once that happens, we'll see a housing boom again. $OPEN 🪖💪
@nejatian $OPEN my wife and I toured three Opendoor homes in Surprise, Arizona yesterday, and the quality of the neighborhood, and rehab done to each property is top-notch! And, they were priced well, not too high and not too low. Let's go! 🚀 🌝
$OPEN my wife and I toured three Opendoor homes in Surprise, Arizona yesterday, and the quality of the neighborhood, and rehab done to each property is top-notch! And, they were priced well, not too high and not too low. Let's go! 🚀 🌝
@LphaFool@Davo0820@MrNeverSell The housing market hasn't turned into a seller's market yet, $OPEN will take a little more time for buyer sentiment to return. The catalyst will be mortgage rates to decrease and then we will have a pool of buyers on the sideline come back into the market. $OPEN 🪖 💪
Last night @Opendoor took home Story Stock of the Year & the Breakout Ticker award at the @Stocktwits CashTag Awards. Thank you to everyone who voted and believes in what we're building to tilt the world in favor of homeowners.
The #OpenArmy 💙💪🙏
Last night we received the Story Stock of the Year and Breakout Ticker at @Stocktwit’s CashTag awards. But this isn't about us - it's about the Open Army and everyday investors who believe in what Opendoor can and should be, and how you've rallied to champion homeownership for Americans.
While awards are fun, the real work is still tilting the world in favor of homeowners. The people who believe in our mission are the fuel to get us there.
Onward.
@JoeTrader01@ericjackson We need mortgage interest rates to fall before we see the housing market turn back into a seller's market. In the meantime, HODL $OPEN 🪖!
@mattyzone@ssj2abid It's going to take a few more quarters before we see a shift from a buyer's market to a seller's market. We won't see that shift until fed nominee Walsh gets confirmed and starts cutting the federal funds rate. Once the 10-year falls, we will see mortgage rates fall as well.
The catalyst that will propel $OPEN into a profitable business will be when the 10-year Treasury and mortgage interest rates fall. It's going to take a few more quarters before the housing market turns into a seller's market. In the meantime, just HODL.
$OPEN army! 🪖 We are still early, just wait until nominee fed chair Walsh is confirmed will we see the housing market improve. Once he starts to cut the federal funds rate, we will see the 10-year Treasury go down and see mortgage rates fall. Once that happens, OPEN🚀!