The long-suffering real estate stocks are suddenly soaring. Opendoor Technologies (OPEN 2.38%) and Redfin (RDFN -1.58%) are cut from the same cloth in many ways. Both are real estate tech stocks aiming to disrupt the massive real estate industry. They have a lot of exposure to the housing market, which has sunk both stocks in the post-pandenice shump. As the chart below shows, Opendoor and Redfin are both down sharply from their previous peaks. VAL Opendoor Technologies Inc (OPEN) Price % Off High -93.38% R ...

iBuying is still an unproven business, but Opendoor is the best bet in the industry. iBuying has been one of the most disruptive ideas to enter the real estate industry in decades. iBuying, which stands for instant buying, is home-flipping taken to its logical end, done at a large scale by corporations, rather than just a small contractor. The practice once held a lot of promise as technology has made it easier to buy and sell a home, see comparable sale prices and other useful information, and collect and ...

The real estate disruptor has delivered strong results, but its stock isn't performing well. Here's why. Real estate technology company Opendoor (OPEN -1.87%) reported second-quarter results that exceeded the high end of management's expectations in all key areas, but the stock declined. In this video, Fool.com contributors Matt Frankel and Tyler Crowe discuss the latest results, why Opendoor's stock has done so poorly, and what investors should keep in mind. *Stock prices used were the morning prices of Au ...

There was a lot to like in Opendoor's latest earnings report, but the outlook is troubling. Opendoor (OPEN -1.87%) is down by 53% so far in 2024, and what makes this even more interesting is that most real estate technology stocks, such as Zillow and Redfin, are performing far better. What's more, Opendoor recently reported second-quarter results that surpassed even the high end of management's expectations. So with the Federal Reserve set to start lowering interest rates, and a general sense of optimism th ...

SAN FRANCISCO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that Carrie Wheeler, Chief Executive Officer, will speak at the Goldman Sachs Communacopia & Technology Conference on Monday, September 9, 2024 at 4:25pm PT/7:25pm ET. A live webcast of the presentation will be available at investor.opendoor.com. About Opendoor Opendoor's mission is to power life's progress, one move at a time. Si ...

The iBuying business is down, but is it out? Opendoor (OPEN -5.60%) seems to be one of the few companies left in the iBuying business after competitors like Zillow (Z -0.07%) left the market. The challenge has been making money in a tight housing market that leaves iBuyers with the worst options. In this video, Travis Hoium examines whether this opportunity is worth buying or staying away from. *Stock prices used were end-of-day prices of Aug. 22, 2024. The video was published on Aug. 26, 2024. ...

Interest rates are coming down soon. That's good news for Opendoor. Shares of Opendoor Technologies (OPEN 13.61%) were among the winners today after Fed Chair Jerome Powell gave dovish remarks about interest rates at a closely watched speech in Jackson Hole, Wyoming. Real estate stock investors have been anticipating news that the Federal Reserve would lower rates soon, and Powell's embrace of rate cuts sent Opendoor and its real estate tech peers soaring today. As of 1:02 p.m. ET, shares of the online real ...

This beaten-down innovator is tweaking its marketing strategy and staging a comeback. Opendoor Technologies (OPEN -0.77%) started its publicly traded life on a high note. Shares of the cloudbased residential real estate trader more than tripled in its first eight months on the market. But the joy didn't last long. Opendoor's stock is down 94.6% from the peak in February 2021. The stock isn't an obvious slam dunk today, but I do see signs of better days ahead. Opendoor deserves your consideration if you're i ...

The real estate tech leader is taking steps to get back on track. Opendoor Technologies (OPEN 10.00%) is recognized as an iBuying pioneer, making instant cash offers for homeowners to seamlessly navigate the real estate selling process. Unfortunately, the company has not yet been able to translate the significant potential of this transaction model into a successful business. The stock is down a catastrophic 95% from its pandemic-era peak amid recurring losses and prolonged housing market weakness. Still, t ...

Start Time: 17:00 January 1, 0000 5:38 PM ET Opendoor Technologies Inc. (NASDAQ:OPEN) Q2 2024 Earnings Conference Call August 01, 2024, 17:00 PM ET Company Participants Carrie Wheeler - CEO Christy Schwartz - CFO, Interim Dod Fraser - President, Open Exchange and Capital Kimberly Niehaus - Head, IR Conference Call Participants Dae Lee - JPMorgan Nick Jones - Citizens JMP Curtis Nagle - BofA Ryan Tomasello - KBW Nick McAndrew - Zelman Associates Operator Good day, and thank you for standing by. Welcome to Op ...