Sold
Opendoor Q4 Revenue, Homes Sold Plummet as CEO Looks to ‘Rescale Business’
Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, on Feb. 15 reported financial results for Q4 and full-year 2023. The numbers, like so many industry companies after the bruising year, were not good. While the company earned $ 870 million in Q4 revenue, it was a 70% drop versus Q4 2022. A […]
Fewer New Homes Are Actually Complete When Sold
The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its Builder Application Survey (BAS) showed a 6 percent month-over-month increase in purchase applications even though they were down 15.2 percent from October 2020. That […]