Here's What You Can Do to Save Money for a House Right Now [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
The U.S. housing market has experienced significant volatility and unpredictable interest rates, making it difficult for many people to achieve the goal of owning a home. According to Redfin data , in March 2024, home prices rose by 4.8% compared to the previous year, with a median selling price of $420,321. The price increase is due to various factors, including limited housing supply, high demand, and rising construction costs. The national average for a 30-year fixed-rate mortgage is 6.8%, up 0.3 points from the previous year. The rise in borrowing costs has further reduced affordability, resulting in significantly more expensive monthly mortgage payments for potential homebuyers. Those numbers can de disheartening, but in this challenging environment, it's crucial to get creative—not discouraged. After all, owning your own home still has many short and long-term benefits. Saving enough money to buy a home may seem impossible, but there are things you can do right now to prepare
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News
- Opendoor Is Inching Closer to Profitability – Should You Buy the Stock? [Yahoo! Finance]Yahoo! Finance
- This Massively Crushed Stock Could Skyrocket 72% This Year, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- 2 Consumer Stocks I Wouldn't Touch With a 10-Foot Pole [Yahoo! Finance]Yahoo! Finance
- Wages are keeping up with rent in only these 6 large US cities [Yahoo! Finance]Yahoo! Finance
- Khosla Ventures, Pear VC triple down on Honey Homes, a smart way to hire a handyman [TechCrunch]TechCrunch
OPEN
Earnings
- 5/2/24 - Beat
OPEN
Sec Filings
- 5/10/24 - Form 4
- 5/8/24 - Form 4
- 5/6/24 - Form SC
- OPEN's page on the SEC website