Is it a meme stock or a great business?

It's a new age of meme stocks , and Opendoor Technologies ( OPEN -9.93% ) is leading the way. The iBuying company has been under intense pressure as mortgage rates haven't budged despite lower interest rates and home sales continue to decline.

Yet, Opendoor stock is flying. It gained 142% in August, and it's up 278% year to date.

Is it just a meme thing? Or can this continue? Let's check it out.

Not enough houses for sale

iBuying could be a great business, but this isn't the climate for it, and Opendoor has to make it through to the other side before it can succeed. Several other companies, including real estate technology giant Zillow , gave up their iBuying efforts pretty quickly, but Opendoor is sticking it out.

It's not an easy

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