Shares of several internet-based real estate companies are trading higher amid a continued increase in mortgage applications.
Portfolio Pulse from Benzinga Newsdesk
Shares of internet-based real estate companies are trading higher due to a continued increase in mortgage applications. Companies mentioned include OPAD, OPEN, RDFN, Z, and ZG.
June 28, 2023 | 4:41 pm
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Offerpad Solutions' stock is trading higher due to increased mortgage applications.
As an internet-based real estate company, Offerpad Solutions is likely to benefit from increased mortgage applications. This is because more mortgage applications could lead to more home sales, which could boost the company's revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Opendoor Technologies' stock is trading higher due to increased mortgage applications.
As an internet-based real estate company, Opendoor Technologies is likely to benefit from increased mortgage applications. This is because more mortgage applications could lead to more home sales, which could boost the company's revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Redfin's stock is trading higher due to increased mortgage applications.
As an internet-based real estate company, Redfin is likely to benefit from increased mortgage applications. This is because more mortgage applications could lead to more home sales, which could boost the company's revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Zillow Group's stock is trading higher due to increased mortgage applications.
As an internet-based real estate company, Zillow Group is likely to benefit from increased mortgage applications. This is because more mortgage applications could lead to more home sales, which could boost the company's revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Zillow Group's stock is trading higher due to increased mortgage applications.
As an internet-based real estate company, Zillow Group is likely to benefit from increased mortgage applications. This is because more mortgage applications could lead to more home sales, which could boost the company's revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100