realestate

Eric Jackson Forecasts Strong Upturn in Housing Market

Erick Jackon bullish on two real estate stocks; he sees Opendoor reviving the housing market.

E
ric Jackson, founder of EMJ Capital, has taken two bullish positions on housing‑market stocks. In July he pushed Opendoor Technologies to a rally that lifted its share price from $0.53 to over $10 in less than three months. In September he disclosed a stake in Better Home & Finance, which also saw a price jump. Jackson says he sees a new chapter for U.S. housing, with both companies at the center.

    He believes the market will shift as the Federal Reserve cuts rates further and the 6‑7% range for 30‑year mortgages becomes unsustainable. “That’s not normal,” he told Business Insider. “We’re due for a reversion.” Until then, he sees Opendoor as a catalyst for renewed activity by helping homeowners sell quickly. As an “ibuyer,” Opendoor can make a cash offer and market the home simultaneously, offering liquidity within three days of acceptance.

    Jackson envisions Opendoor capturing up to 10% of all real‑estate transactions, mirroring Tesla’s early goal. Faster, cheaper transactions and lower commissions could attract Gen Z buyers, who are currently underrepresented in homeownership. Tech‑driven firms like Opendoor and Better are poised to reshape buying and selling, making the process faster, cheaper, and more accessible.

Eric Jackson predicts strong housing market upturn.