Opendoor Technologies Inc currently down 6.44% halfway through today

Tough session sees the online US real estate company shedding 6.44% in early trade

United States's Consumer Confidence new data released of 101.3 below its previous figure.

Consumer Confidence in United States fell short of market expectations (104) with a reading of 101.3, continuing the decline from the previous figure of 104.

Meanwhile, United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000. United States Building Permits released today at 12:10 UTC with a figure of 1.43 million, while the previous figure was 1.55 million.

In the meantime, negative performances are also seen in other real estate stocks as after closing the previous session (yesterday) at $123.19, ProLogis lost $1.83 and is trading around $121.36.

Looking ahead, ongoing depreciation may be prolonged as tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of -0.1%.

Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million, having previously been at -4.58 million. The figure will be published tomorrow at 14:30 UTC.

Over the past 11 months, the online residential real estate company has retreated 82.42% from a noteworthy peak of $8.