After Opendoor just laid off 40% of their workforce in 6 months, it's clear that even the biggest homebuyer in America is struggling in the face of the housing market downturn in 2023.
With losses of $1.4 billion in 2022 and stock prices down 81% over the last year, bankruptcy could be on the horizon for Opendoor.
And if Opendoor falls, the impact on the housing market could be catastrophic, with a fire sale of homes sold at a loss.
The era of Wall Street's iron grip on the US housing market is coming to a close...
Subscribe to stay up to date on the ripple effects that will follow (and what it could mean for homebuyers).
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REVENTURE APP: https://www.beta.reventure.app/dashboard
#realestateinvesting #realestateinvestor #reventureconsulting #homebuyers #realestateinvesting101 #realestateinvestments #opendoor
With losses of $1.4 billion in 2022 and stock prices down 81% over the last year, bankruptcy could be on the horizon for Opendoor.
And if Opendoor falls, the impact on the housing market could be catastrophic, with a fire sale of homes sold at a loss.
The era of Wall Street's iron grip on the US housing market is coming to a close...
Subscribe to stay up to date on the ripple effects that will follow (and what it could mean for homebuyers).
---
REVENTURE APP: https://www.beta.reventure.app/dashboard
#realestateinvesting #realestateinvestor #reventureconsulting #homebuyers #realestateinvesting101 #realestateinvestments #opendoor
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