Macroeconomic headwinds, including rising mortgage rates and concerns around the affordability of homes, remain a drag on internet-based real estate marketplaces, including Opendoor Technologies (NASDAQ:OPEN). Due to the macro headwinds, OPEN stock has declined about 54% so far in 2022. Further, it is down about 65% over the past year.  Now What? OPEN stock has corrected significantly. However, it continues to deliver impressive financial numbers. The company recently delivered exceptional Q1 results, while management remains confident that growth will likely sustain throughout the year.  For context, Opendoor’s Q1 top line surged 590% year-over-year, driven by an increase in the number of homes sold.
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Opendoor Technologies (NASDAQ:OPEN)
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Opendoor Technologies (NASDAQ:OPEN)
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