Don't be put off by this stock's dismal performance lately -- now could be the best time to buy it with interest rate cuts on the horizon.
U.S. home sales in May fell to some of the lowest levels seen in the past decade, according to a report by real estate brokerage Redfin. Both demand and supply remained sluggish due to high mortgage rates....
Both of these real estate disruptors are down sharply from their peaks. Which is the better buy?
The market expected too much from Opendoor at the wrong time. What most investors were waiting for is still three years into the future.
Reflecting On Real Estate Services Stocks’ Q1 Earnings: Opendoor (NASDAQ:OPEN)
Unpacking Q1 Earnings: Redfin (NASDAQ:RDFN) In The Context Of Other Real Estate Services Stocks
Better times might be around the corner for the real estate industry.
These two stocks have serious short-term headwinds, but don't ignore the long-term opportunities.
RDFN earnings call for the period ending March 31, 2024.
Redfin's (NASDAQ:RDFN) Q1 Sales Top Estimates, Stock Soars