5 Reasons Opendoor Could be a Screaming Buy
According to Zillow, U.S. residential real estate is worth an estimated $43 trillion, making it one of the most extensive parts of the economy. It's also historically been slow-moving and resistant to change, and the process for buying a home is essentially the same as decades ago.
Real estate technology company Opendoor Technologies (NASDAQ: OPEN) is trying to change that. Its "iBuying" business gives homeowners cash offers for their homes, which it then resells on the market. The goal? To provide a fluid, convenient, and fast process for anyone buying and selling a house.
The market hasn't been quick to embrace Opendoor; the stock went public in late 2020, and is down more than 60% over the past twelve months. However, I think there's ample evidence why Opendoor could be a long-term winner, so here are five reasons the stock is a screaming buy today.
Source Fool.com
