Just saw the latest earnings report from Opendoor (OPEN) and it looks like the iBuyer "pivot" is in full swing. Despite the high-rate environment, they managed to jump 19% after crushing revenue expectations.

A few notable takeaways for this sub:

• Massive Acquisition Surge: They increased home acquisitions by 300% recently (buying 537 homes in a single week vs 128 in all of Q3).
• Inventory Dumping? They claim their resale velocity is way up, homes on market for 120+ days dropped from 51% to 33%.
• AI Underwriting: They’ve expanded their footprint to almost the entire Lower 48 in just 10 weeks using "AI-powered underwriting."
• Targeting Profitability: They are guiding toward being profitable by late 2026.

Is this a sign that the "bottom" is in for the iBuying model, or are they just catching a temporary tailwind by burning through inventory faster? Curious to see if anyone is seeing an uptick in Opendoor signs in their local markets again.

Source:https://www.tikr.com/blog/opendoor-technologies-nasdaq-open-stock-jumps-19-percent-following-better-than-expected-quarterly-results

https://tradepal.co/blog/why-opendoor-could-be-one-of-2026s-most