Opendoor To Likely Remain Unprofitable As Market Dynamics Remain Unfavorable


  • Opendoor’s business model may be flawed, especially in the current market.
  • Macro conditions continue to deteriorate.
  • Profitability and revenue will remain under pressure.

Wide shot of family looking at home for sale with real estate agent

Thomas Barwick

Article thesis: Opendoor (NASDAQ:OPEN) faces multiple headwinds, which are likely to push the revenue and profitability lower. These factors include decreasing prices, increasing inventory, a slowdown in sales, and homes being on the market longer. Therefore, just

As Above

Case-Shiller Home Index (Fortune Magazine)

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Housing Market Inventory (re:venture)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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