Opendoor hires Kaz Nejatian as new CEO
Opendoor Technologies announced Wednesday that it has named Kaz Nejatian, the former chief operating officer of Shopify, as its new CEO.
iBuying
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Opendoor teams up with Jason Mitchell Group
As it looks to leverage agent relationships to get back to profitability, Opendoor announced a partnership with the Jason Mitchell Group.
What do you call an iBuyer that isn’t iBuying houses?
Opendoor and Offerpad are buying significantly fewer homes than they have in the past and their futures are in doubt.
Investor purchases are sinking with the housing market at large
According to data from CoreLogic, investor purchases have tracked closely with consumer home sales, and the share of home sales attributable to investors is down as well.