|Bid||28.64 x 900|
|Ask||28.90 x 1800|
|Day's range||28.58 - 29.84|
|52-week range||28.42 - 104.05|
|Beta (5Y monthly)||1.51|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||44.67|
Last November, Zillow Group (NASDAQ: Z)(NASDAQ: ZG), the largest online real estate platform, abruptly announced its plan to exit iBuying. Now it seems the largest iBuyer in the industry, Opendoor (NASDAQ: OPEN), may be following in Zillow's footsteps for losses. A recent report from YipitData shared the company incurred losses on 42% of the homes sold in August 2022.
Investors hated the death of Zillow Offers and the birth of Netflix's Qwikster. History paints a kinder portrait.
As of this writing, the average 30-year mortgage rate on a national level is 5.668%. Zillow recently reported that ARM applications are at their highest level in 15 years. If you take out an adjustable-rate mortgage, you might enjoy a lower interest rate on your loan for a period of time.