Groundhog Day: Opendoor keeps growing and losing money
Housing Wire
NOVEMBER 10, 2021
For example, an analysis from Mike DelPrete indicated that while Zillow wildly overpaid for homes in Phoenix and Atlanta, Opendoor forked over market value. Opendoor now has 17,164 homes on its books. Analysts have cited in-house mortgage lending and title insurance as a possible iBuyer move toward making money.
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