Why Opendoor Stock Plunged 32% in December
Opendoor(OPEN) The Motley Fool·2025-01-06 05:07Real estate technology company Opendoor Technologies (OPEN 3.77%) stock dropped 32% in December, according to data from S&P Global Market Intelligence. Mortgage rates went back up after receding earlier in the year, and the market became more pessimistic about the real estate industry again.Challenges in real estate mean challenges for OpendoorOpendoor operates a digital real estate platform and iBuying business. Its core business is buying homes and reselling them, a capital-intensive business that's extre ...