‘Emotional attachment' may prolong seniors' moving timelines: Opendoor [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
This is according to a new report from Opendoor , which describes emotional attachment to the home as “an oft-ignored consideration in real estate decision-making for those aged 55 and up.” Even as older Americans make their voices heard when it comes to aging-in-place preferences, some in the mortgage business have taken issue with older homeowners staying in their homes for longer periods of time. This keeps single-family inventory out of the hands of prospective buyers who may be looking to start raising families. But ignoring the sentimentality that older homeowners have for their houses misses a key part of the picture, the report suggests. “The vast majority [of surveyed older homeowners] (66%) said they're emotionally attached to their homes,” the report reads. “Notably, according to the data, around 56% of 55+ home sellers have lived in their homes for 15+ years. Respondents told us they most experience anticipation (42%), excitement (37%), and stress (34%) when home bu
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News
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- Prediction: These 2 Stocks Will Soar If Interest Rates Are Cut This Month [Yahoo! Finance]Yahoo! Finance
OPEN
Earnings
- 8/1/24 - Beat
OPEN
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- OPEN's page on the SEC website