The COVID-19 pandemic presented a generational catalyst for the U.S. housing current market. Median home price ranges soared above 40{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in a lot less than two decades as record-minimal desire rates drove the expense of financing a property to new lows and perform-from-anywhere policies authorized more youthful grownups to shift absent from downtown city spots. Now mortgage loan premiums are soaring, resulting in housing rates to stagnate and even drop in lots of regions around the country. 1 firm feeling the brunt of this slowdown is Opendoor (Open up -3.92{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}), an on the internet residence flipper. The firm’s profit margins are deteriorating because of to declining home charges and inadequate…