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Benzinga
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Can Opendoor Be Like Tesla? Eric Jackson Thinks So

1. Eric Jackson believes U.S. housing market is entering a growth phase. 2. Opendoor aims to reduce transaction times for quick liquidity. 3. Jackson suggests Opendoor could capture 10% of housing transactions. 4. Current mortgage rates are seen as unsustainable by Jackson. 5. OPEN stock slid 1.72% following recent trading sessions.

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FAQ

Why Bullish?

The potential growth in the housing market and Opendoor's strategy may attract investors, similar to how Tesla gained traction in the auto sector.

How important is it?

The article discusses market expectations and company strategy, which are critical for investor sentiment and stock performance.

Why Long Term?

If the housing market improves and Opendoor's strategy succeeds, the positive effects might reflect in the stock price over an extended period.

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