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Data source: Opendoor. YOY = Year over year. EBITDA = Earnings before interest, taxes, depreciation, and amortization. In 2023, soaring interest rates chilled the real estate market and drove up ...
Even as the sector headwinds have been substantial, Opendoor is improving its business. Its gross margin reached 8.5% in the second quarter (ended June 30), which was up from 7.5% in Q2 2023.
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 real estate tech leader is taking steps to get back on track.
Opendoor vs. Redfin: business model. ... Should you invest $1,000 in Redfin right now? ... The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.