Opendoor is mooning.
A real turnaround in the making or just another meme stock squeeze?
TLDR Summary
The US housing market is a coiled spring. Five years of extreme interest rate volatility has trapped homeowners. At some point this has to unravel. Transaction volumes will likely be very sensitive to falling mortgage rates and, purely macro speaking, Opendoor is a suitable vehicle to bet on that.
Whether it’s also an interesting opportunity …
