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Stock impact report

Offerpad Stock Explodes 50% Overnight After Trump's $200 Billion Mortgage Bond Plan — Opendoor Spikes [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
Shares of iBuying platforms Opendoor Technologies Inc. (NASDAQ: OPEN ) and Offerpad Solutions Inc. (NYSE: OPAD ) are surging in after-hours trade, following a new proposal by President Donald Trump , with big implications for the nation's housing market. According to Benzinga Pro data, Opendoor was up 5.07% on Thursday, closing at $6.43, and is up 13.06% overnight, while Offerpad was up 4.82% during the regular session, and is now soaring by 52.63% after the bell. This sharp rally in real estate stocks was sparked by Trump's post on Truth Social, with a proposal to purchase $200 billion in mortgage bonds Don't Miss: The ‘ChatGPT of Marketing' Just Opened a $0.85/Share Round — 10,000+ Investors Are Already In Sam Altman Says AI Will Transform the Economy — This Platform Lets Investors Back Private Tech Early He plans to do this using cash held on the books of government-sponsored enterprises, the Federal National Mortgage Association (OTC: FNMA ) or Fannie Mae and the Fede Show less Read more
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