Opendoor projects a “softer, slower and smaller” housing market ahead, adjusting its homebuying strategy amid economic uncertainty and rising mortgage rates, signaling a cautious outlook for 2024.
Opendoor projects a “softer, slower and smaller” housing market ahead, adjusting its homebuying strategy amid economic uncertainty and rising mortgage rates, signaling a cautious outlook for 2024.
Home prices are dropping sharply in several U.S. markets, according to Business Insider. Eleven cities, including major metros and smaller hubs, are seeing the steepest declines amid shifting economic conditions.