With a $1.98 billion market cap, Opendoor Technologies Inc. (OPEN) operates a digital platform for residential real estate in the United States. The company’s platform allows consumers to buy and sell a home online. In addition, it offers title insurance and escrow services.
Last week, the Federal Reserve announced the third consecutive 75-basis-point interest rate hike to battle rampant inflation. Furthermore, central bank officials expect to hike rates to 4.4% by the end of this year.
