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Like other online real estate stocks, Opendoor's business is highly sensitive to the state of the housing market, and with existing home sales still down roughly 40% from before the pandemic ...
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 ...
Well, that affected Opendoor's ability to buy homes, which is essentially its entire business model. Revenue for the company went from a peak of $15 billion to $4.5 billion over the past 12 months.
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.
There was a lot to like in Opendoor's latest earnings report, but the outlook is troubling. Opendoor Is Down 53% So Far in 2024. Is It a Buy Before the Fed Starts Cutting Rates?
The better buy: Realty Income. Opendoor's business might stabilize over the next few quarters, but its business model is still shaky, the company is burning lots of cash, and it's carrying a ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Opendoor Technologies wasn’t one of them. The 10 stocks that ...