Boomers in Pittsburgh are least likely to be locked-in by mortgage rates, among major metros [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
Pittsburgh Buffalo and Cleveland have the highest share of homeowners free from mortgage rate lock-in among the 50 largest U.S. metros. Seventeen percent of baby boomer homeowners are free from rate lock — the generation least affected – compared to just six percent of millennial owners. Gen Z, whose members generally have less equity in their homes, will likely stay put for a while. SEATTLE April 8, 2024 /PRNewswire/ -- New research from Zillow ® shows older homeowners and those in less expensive metros are the least likely to be discouraged from moving by today's higher mortgage rates – with Boomer homeowners in Pittsburgh leading the way. About 10.8 million current homeowners nationwide, or 13%, should be immune to the effects of high interest rates. Markets with more homeowners free from rate lock have seen more homes listed for sale, giving buyers more choices during a prolonged shortage of inventory. Many homeowners have a mortgage rate below the prevailing rate or an i
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OPEN
Earnings
- 2/15/24 - Beat
OPEN
Sec Filings
- 4/26/24 - Form 4
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- OPEN's page on the SEC website