Is Opendoor Still the Future of Real Estate?

By Matt Frankel – Dec 8, 2022 at 9:15AM

NASDAQ: OPEN

Opendoor Technologies

Market Cap

$1B

Today's Change

(4.59%) $0.10

Current Price

$2.17

Price as of April 26, 2024, 9:59 a.m. ET

Here's what a real estate technology expert has to say about it.

It's been a rough year for instant buyers, aka iBuyers, with shares of leading iBuyer Opendoor Technologies (OPEN 4.59%) down by more than 90% so far in 2022 and major players like Zillow (Z 1.28%) (ZG 1.30%) and Redfin (RDFN 8.32%) exiting the space.

So what does the future hold for iBuying? I recently sat down for a chat with Tyler Okland, founder of real estate analytics platform Datadoor, to discuss the current state of iBuying and where it's heading in the future.

**Stock prices are as of Dec. 6, 2022. This video was published on Dec. 7, 2022.

Matthew Frankel, CFP® has positions in Redfin, Offerpad, and Zillow Group. The Motley Fool has positions in and recommends Opendoor Technologies, Redfin, and Zillow Group. The Motley Fool recommends the following options: short November 2022 $17 calls on Redfin. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.