"In a bold move to address the escalating U.S. housing affordability crisis, Treasury Secretary Scott Bessent announced that President Trump is contemplating declaring a "national housing emergency" this fall. Speaking to the Washington Examiner , Bessent emphasized the administration's focus on tackling soaring home prices and limited inventory, a critical issue as the 2026 midterms approach. Potential actions include standardizing local building and zoning codes, reducing closing costs, and exploring tariff exemptions for construction materials to boost housing supply."
"Opendoor Technologies, with its innovative iBuying model, purchases homes directly from sellers to streamline transactions and charging a roughly 5% commission. However, skepticism surrounds its viability in a volatile market. The iBuying program, while efficient, exposes Opendoor to significant risks, particularly in a stagnant housing market where home prices remain stubbornly high. Redfin data highlights a 36% surplus of sellers over buyers, the widest gap since 2013, signaling potential inventory risks for Opendoor's buy-and-hold strategy."
President Trump is contemplating declaring a national housing emergency to address soaring U.S. home prices and limited inventory. Proposed measures include standardizing local building and zoning codes, reducing closing costs, and exploring tariff exemptions for construction materials to increase housing supply. Declining rents and anticipated Federal Reserve rate cuts may stimulate real estate transactions. Opendoor uses an iBuying model that purchases homes directly and charges about a 5% commission, but faces inventory and market risks amid a 36% seller surplus and heightened meme-stock volatility. High operational costs further increase Opendoor's exposure to market downturns.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]