Tag Archives: opendoor

After a near 90% fall, analytics firm sees Opendoor shares rising to $6

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A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching. Continue reading →

Anywhere lays off more workers, announces end of RealSure iBuyer

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The company has slashed its workforce by 11 percent since last June, according to U.S. Securities and Exchange Commission filings. The moves come following months of housing market declines. Continue reading →

The biggest mortgage, lending and housing finance stories of 2022

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The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading →

2022 by the numbers: The dirty data that drove a weird year in real estate

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To better illustrate how capricious the real estate industry was in 2022, Inman searched high and low for rogue data points that drove the housing market and best reflected this year’s wild tumble. Continue reading →

Real estate in 2022: When the #@!$ finally hit the fan

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Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading →

Expect more high-profile executive shakeups — and golden parachutes

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This month, Coldwell Banker CEO M. Ryan Gorman and Opendoor CEO Eric Wu relinquished their chief executive posts. Inman founder Brad Inman envisions a cold winter ahead. Continue reading →

Opendoor faces ‘existential’ crisis as iBuying fights for survival

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The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market. Continue reading →

Opendoor CEO and president out as iBuyer shakes up exec team

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Weeks after it reported losing nearly $1 billion in the third quarter, the leading iBuying company shook up its top executives. Founder Eric Wu was replaced as CEO by CFO Carrie Wheeler, and President Andrew Low Ah Kee has resigned. Continue reading →

Here’s what you need to know about Opendoor Exclusives

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The iBuyer has launched a new marketplace to connect homebuyers and sellers. The move comes as the housing market continues to slow and as iBuyers face gathering headwinds. Continue reading →