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Opendoor Technologies Stock Plummets Amid Stagnant Housing Market

Opendoor Technologies Stock Plummets Amid Stagnant Housing Market

Author:

Global Cryptocurrency

Published:

2025-11-21 09:05:02

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BTCCSquare news:

Shares of Opendoor Technologies (OPEN) tumbled nearly 8% during Thursday's session, extending losses in pre-market trading as the digital real estate platform grapples with a frozen housing market. The decline follows Redfin's latest report showing flatlined October home sales and listings—a standstill attributed to economic uncertainty and soaring costs.

Insider selling through mandatory compensation programs further eroded investor confidence, compounding a 24% five-day slide. For Opendoor's asset-light model predicated on rapid inventory turnover, this environment poses existential challenges. The company now holds billions in unsold properties as carrying costs mount.

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