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Opendoor Technologies (NASDAQ: OPEN) and Redfin (NASDAQ: RDFN) are cut from the same cloth in many ways. Both are real estate tech stocks aiming to disrupt the massive real estate industry.
Lower mortgage rates should help reignite interest in the housing market among both buyers and sellers as it will make it easier for sellers to sell their homes and buy something new. Opendoor is ...
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.
It is independently owned and operated franchisees buy homes in need of repair and homes that owners need to sell more quickly than usually can be done through a realtor. Franchisees usually renovate and sell or rent the homes. [1] The company operates in 45 states with over 1000 franchises and growing. [2] [3]
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