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However, as tech stocks went into a bear market in 2022 and the housing market froze as interest rates surged, Opendoor plunged. Opendoor stock is now down a whopping 95% from its peak in 2021.
Real estate technology company Opendoor Technologies (NASDAQ: OPEN) stock dropped 32% in December, according to data from S&P Global Market Intelligence. Mortgage rates went back up after receding ...
Shares of Opendoor Technologies (NASDAQ: OPEN) slipped 12.5% in October, according to data from S&P Global Market Intelligence.The online home-buying platform trades in line with mortgage rates on ...
The real estate tech leader is taking steps to get back on track.
Opendoor's numbers had improved substantially from the quarter a year ago as the company cleared its overpriced inventory. Redfin's revenue rose 7% to $295.2 million in the second quarter, and its ...
Opendoor cut 22% of its workforce in April of 2023, or roughly 560 positions mostly in the company's operations unit, citing a declining housing market. The company said new listings had dropped by around 30% since their 2022 peak due in part to rising mortgage interest rates. [20] Opendoor began collaborating with Zillow in Colorado in June ...
Opendoor’s stock fell 2.4% to $4.79 on Monday. Opendoor pioneered the model, often called ibuying, and competed with Zillow Group Inc. until the online listing giant exited the business last year.
Opendoor (NASDAQ: OPEN) reported third-quarter earnings that exceeded its own optimistic expectations, but the stock isn't higher in the weeks ahead. In fact, unlike most of the market, Opendoor ...