Opendoor Technologies Inc. (OPEN) operates a digital platform in the United States, offering residential real estate services. It allows customers to buy and sell homes online and offers title insurance and escrow services.
Bank of America reported on Tuesday that the rate of wire payments to escrow and title companies — often used to pay deposits for house sales — has declined this year for the first time since the COVID crisis in mid-2020, adding to rising signals of a housing market downturn.
