Why Eric Jackson thinks Opendoor can help thaw the frozen housing market
Steve Pfost/Newsday RM via Getty Images Eric Jackson has made two bullish calls, both on stocks tied to the housing market. The hedge fund managers sparked a rally in Opendoor in July and boosted Better stock in September. Jackson said he sees a new era ahead for the housing market, with both companies playing a key role. The real estate market has been showing signs of thawing recently, and Eric Jackson thinks US housing could be on the cusp of a new chapter. The founder of hedge fund EMJ Capital, Jackson is known for igniting a rally in Opendoor Technologies stock in July that has lifted the share price from $0.53 per share to over $10 in less than three months. In September, Jackson revealed a position in Better Home & Finance, boosting the mortgage company's stock price. Jackson told Business Insider that he's not just bullish on these stocks. He sees the entire housing market shifting in a direction that will benefit both firms. He admitted that his opt...
