With a New CEO and Improving Housing Market, Could 2024 Be a Big Year for Opendoor?

By Matt Frankel and Tyler Crowe – Jan 27, 2024 at 7:22AM

NASDAQ: OPEN

Opendoor Technologies

Market Cap

$1B

Today's Change

(3.38%) $0.07

Current Price

$2.14

Price as of April 26, 2024, 4:00 p.m. ET

Opendoor's stock has been on fire lately, but could its business jump to the next level this year?

After a difficult 2022 as the housing market cooled off, Opendoor (OPEN 3.38%) was one of the stock market's top performers of 2023. The iBuyer just made a major leadership change, and the real estate market looks as if it could finally be turning a corner. What's in store for 2024?

*Stock prices used were the afternoon prices of Jan. 25, 2024. The video was published on Jan. 26, 2024.

Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Opendoor Technologies. 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.