|Bid||1.2900 x 21500|
|Ask||1.2900 x 39400|
|Day's Range||1.2600 - 1.4201|
|52 Week Range||1.2600 - 15.8200|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 22, 2023 - Feb 27, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.57|
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A year ago, Zillow was forced to shut down its house-flipping business after the unit racked up big losses. For boss Rich Barton, who had staked the future of the online property-listing giant on the venture, it was a humiliating climbdown. The rapid cool down in the US housing market means Zillow’s decision to cut its losses actually looks smart.
Weakening real estate demand and decelerating home prices have put OpenDoor (NASDAQ: OPEN), the world's largest iBuyer, in a tough position. The company reported discouraging third-quarter financial results, which pushed its stock price down another 20%, putting shares at a total loss of 88% over the past 12 months. In the years since the coronavirus pandemic erupted, short supply, low interest rates, and high real estate demand have sent home prices soaring.
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