Opendoor Technologies' stock drops 95% from peak amidst housing shortage, presenting a potential growth opportunity.

Opendoor Technologies’ stock has dropped 95% from its peak, presenting a potential opportunity for growth investors. The company uniquely purchases homes for quick sales, competing with Zillow and Redfin. With declining interest rates predicted and a significant U.S. housing shortage, demand for Opendoor's services may increase. However, the stock carries substantial risks and may not yield profits until 2027, making it a high-risk investment option.

October 12, 2024
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