Opendoor loses almost $1B!
Opendoor Loses Almost $1B And Pushes to Cut Costs Opendoor has become a poster child for a housing market slowdown. The San Francisco-based iBuyer reported a net loss of $928 million in the third quarter — more than 17 times what it lost in the second quarter, the company said Thursday in an earnings release. Opendoor anticipated a slowdown, but transactions have halted and prices have dropped "much faster and sharper," than its forecast. Opendoor’s home purchases have also drastically slowed, with the company buying about 8,400 homes in the third quarter, compared to more than 14,000 the prior period. Over the last few months, Opendoor has been scrambling to save cash, most recently disclosing it would lay off about 18 percent of its workforce, or about 550 people. It was revealed in September that Opendoor was selling homes at a loss, due to rising mortgage rates and uncertainty around the economy.
Let us help you find your next home.
Search Today!
www.homesinorlando.forsale
CALL DIRECT: 407-710-8720
#opendoor #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022 #economicninja #michaelburry
-
LIVE
Right Side Broadcasting Network
7 days agoLIVE REPLAY: President Trump Returns for a Historic Rally in Butler, Pennsylvania - 10/5/24
12,798 watching -
2:55:35
Nitrocross
8 days agoNitrocross Busch Light Race to the Mountains | Round 3 | October 5, 2024| 6pm ET / 4pm MT
88K18 -
3:03:41
The Quartering
16 hours agoDonald Trump Elon Musk LIVE Rally In Butler Pennsylvania! Live Commentary & Hangout!
146K122 -
4:15:41
Laura Loomer
12 hours agoEP 80: LIVE COVERAGE: President Trump Returns to Butler, PA
107K83 -
2:11:01
Jewels Jones Live ®
1 day ago“NO MONEY FOR AMERICANS” | A Political Rendezvous - Ep. 94
112K40 -
5:17:15
Drew Hernandez
1 day agoTRUMP'S RETURN TO BUTLER PA RALLY
128K101 -
1:20:55
-
1:00
steveinman
1 day agoDog sweeps the leg of a tortoise
109K34 -
36:51
Michael Franzese
1 day agoMy time in prison with Menendez Brothers | Monsters Netflix Series Review
187K46 -
1:51:03
Game On!
1 day ago $23.03 earnedCollege Football Saturday! Week 6 Preview and Predictions!
143K19