The Real Word

Why Opendoor Is Selling Homes At a LOSS

Byron Lazine and Nicole White sit down to discuss Opendoor selling at a loss, Zillow lawsuits, slipping stock futures, rising mortgage rates, and inflation’s impact on the midterm elections

September 20, 2022
BAM Staff

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Opendoor, like the now-retired Zillow Offers, is selling homes for less than the purchase price for the first time.

This week on The Real Word, Byron Lazine and Nicole White sit down to discuss the Opendoor news, along with the latest lawsuit against Zillow for violating wiretapping laws.

The Left, Middle, Right segment covers slipping stock futures and what the upcoming Fed meeting could mean for mortgage rates, along with inflation’s impact on the midterm elections.

Click on any of the timestamps below to watch:

00:00–01:16 Intro

01:16 Topic #1—Opendoor selling at a loss

11:38 Their stock is down 80%

15:50 Topic #2—Zillow sued for violating wiretapping laws

20:48 Consumers trust Zillow (don’t make them choose)

23:23 Left, Middle, Right

23:33 1st article—Stock futures slip

24:11 The next Fed meeting

26:20 2nd article—Inflation and the midterms

27:20 If inflation is going to come down…

30:30 The End

Click here to watch the full episode.

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About the Author

BAM Staff

Real estate may be all about location, location, location, but we know that content is king! That's why we have an army of talented writers behind the scenes, crafting posts like this one to help you navigate the ins and outs of the industry.

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