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Opendoor reported $1.5 billion in revenue in the second quarter, or an annual run rate of $6 billion on about 4,000 homes sold. Let's assume Opendoor can double its revenue in a healthier housing ...
Opendoor Technologies Inc. agreed to pay $62 million to the Federal Trade Commission to settle allegations that it misled potential home sellers in its marketing campaigns.
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 ...
Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco , it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale. [ 2 ]
The term ‘instant’ refers to the fact that this type of business aims to provide a faster cash offer on a property than traditional real estate brokers. Valuation of the property takes place online and is an instantaneous or near-instantaneous process which makes use of machine learning and AI technologies.
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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 ...
By selling to Opendoor, a seller can avoid finding an agent, preparing the home for showings, hosting visits, waiting for offers, and negotiating over repairs, as well as the risk that the seller ...