Opendoor: Does It Have a $2.2 Billion Problem or a $2.2 Billion Opportunity?
As a real estate company, Opendoor (NASDAQ: OPEN) approaches the market from a unique direction as the buyer and seller of thousands of homes each year. Even as other companies like Zillow have exited this business model, Opendoor still operates in 50 markets today, and it has thousands of homes in its inventory.Those homes, worth $2.2 billion at the end of last year, represent both a challenge and opportunity for Opendoor.Opendoor describes its mission as transforming the U.S. residential real estate industry, but put simply, it buys homes with cash and then resells them with the hope of earning a profit on each sale.Continue reading

As a real estate company, Opendoor (NASDAQ: OPEN) approaches the market from a unique direction as the buyer and seller of thousands of homes each year. Even as other companies like Zillow have exited this business model, Opendoor still operates in 50 markets today, and it has thousands of homes in its inventory.
Those homes, worth $2.2 billion at the end of last year, represent both a challenge and opportunity for Opendoor.
Opendoor describes its mission as transforming the U.S. residential real estate industry, but put simply, it buys homes with cash and then resells them with the hope of earning a profit on each sale.