OPEN's iBuyer model faces persistent rate cycle headwinds. Q1'24 cash burn remains concerning. Reaching $7.50 requires aggressive balance sheet deleveraging and a housing market surge far exceeding current projections. 80% NO — invalid if Fed initiates aggressive rate cuts pre-2025.
OPEN's iBuyer model faces persistent rate cycle headwinds. Q1'24 cash burn remains concerning. Reaching $7.50 requires aggressive balance sheet deleveraging and a housing market surge far exceeding current projections. 80% NO — invalid if Fed initiates aggressive rate cuts pre-2025.