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Benzinga
Benzinga
Business
Erica Kollmann

Can Opendoor Survive The Real Estate Deep Freeze?

Opendoor OPEN Nasdaq Housing Market United States
Phoenix,,Arizona,-,April,22,2023:,"for,Sale",Sign,On

Opendoor Technologies, Inc. (NASDAQ:OPEN) is facing a pivotal moment as it navigates a U.S. housing market that the CEO described as "very challenging" and gripped by high mortgage rates and weakened demand.

What To Know: On the company's Q2 earnings call on Monday, Opendoor management projected cautious optimism, though not for a recovery in the housing market. 

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