23.11.2024 12:48:00
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A Few Years From Now, You'll Wish You'd Bought This Undervalued Stock
The housing market has been sluggish for a few years now. High interest rates make it harder for many wannabe homeowners to get a mortgage, and they also raise the total price a buyer pays for a house.However, with interest rates coming down and people tired of waiting, there's already change taking place. That means now is the time to make your move on real estate and related stocks, many of which are still well below previous highs.Buyer and real estate platform Opendoor Technologies (NASDAQ: OPEN) has been dealing with sales declines and losses, and its stock is down 96% from its all-time highs. It trades at a dirt cheap price-to-sales ratio of 0.2, which is a reflection of how the market views it today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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