Direxion Daily Real Estate Bear 3x (DRV)

[tw0122]

Real estate crash eminent Residential and commercial Nasdaq: OPEN), a leading digital platform for residential real estate transactions has been crashing also from $25 peak to $5 and down 7% again today
Zillow and Compass stocks have crashed in 2022.
reported that it purchased 36,908 houses in 2021 but sold only 21,725 houses (for $8 billion) during the year, leaving it Zillow was left with 17,009 unsold homes ($6.1 billion) in inventory.
Zillow did the same thing with a big portion of its 7,000 homes that were stuck in the pipeline before it quit the business last November and sold those homes mostly to institutional investors, who’re now trying to figure out what to do with them
Zillow stock collapsed when it announced that it lost $881 million in 2021 on its home-flipping escapade

Compass, a real-estate broker that calls itself “a tech company reinventing the space share price has completely crashed.