Global X PropTech ETF(PTEC.US)

Trump Is Doing 'An Excellent Job' On Housing Affordability, Says Opendoor CEO: Calls America's Housing Market 'Deeply Unfair'

Opendoor CEO Kaz Nejatian praised President Trump's housing affordability policies, stating they address barriers for middle-class families in the housing market. He highlighted Trump's actions, including blocking institutional investors from buying single-family homes and a $200 billion plan for mortgage-backed securities, as positive steps. However, economist Peter Schiff criticized the plan, arguing it could worsen affordability by allowing buyers to overpay for homes. Opendoor's stock rose 1.41% to $6.48, reflecting positive momentum in the market.