NEW YORK, March 13, 2026, 11:34 EDT
Opendoor Technologies shares added roughly 2.4%, changing hands at $4.96 late Friday morning. The move retraced a portion of the losses from the prior session.
The rebound is especially significant for Opendoor, given how sensitive the company is to shifts in financing costs right as the spring homebuying rush begins. Freddie Mac reported that the average rate for a 30-year fixed mortgage edged up to 6.11% this week, from 6.00%. Still, chief economist Sam Khater noted that buyers have been “responding to rates in this range,” and there was also an uptick in purchase applications. GlobeNewswire
Opendoor wasn’t alone on the upside. Zillow picked up around 4.6%, Compass posted a 3.2% advance, and Rocket hovered near unchanged. The housing-tied stocks ended firmer, though the moves hardly matched up.
Yet the outlook for housing remains uncertain. Single-family housing starts dropped 2.8% in January, with future construction permits also dipping 0.9%, Reuters said Thursday—fresh evidence that both demand and supply are still wobbling after months of elevated borrowing costs. Reuters
That’s the context behind Opendoor’s overhaul. Last month, the company posted a net loss of $1.096 billion for the fourth quarter. Still, homes bought jumped 46% from the previous quarter, and average inventory days dropped 23%. Management hasn’t changed the goal: adjusted net income in the black by the end of 2026, tracking it on a rolling 12-month stretch. Looking ahead, Opendoor expects first-quarter revenue to slip about 10% from the fourth quarter, but contribution margin—profit per home after direct costs—should see gains. CEO Kaz Nejatian highlighted “more accurate pricing” and quicker inventory turnover this quarter. Securities and Exchange Commission
There’s a catch: rates might not play along. According to Reuters, traders are betting on just a single quarter-point Fed cut this year—half what they saw coming before the Middle East conflict erupted. Oil prices hanging close to $100 a barrel are stoking fresh inflation fears. Reuters
Progress on housing policy out of Washington remains sluggish. On Thursday, the Senate signed off on a bill targeting more affordable housing development and setting limits on institutional purchases of single-family homes, but it’s not law yet. The House still has to weigh in, and pushback is coming from sectors within both housing and finance. Reuters
Opendoor is still swinging wildly. Back in July, Reuters noted the stock shot up more than 400% during a meme-stock frenzy—a run that continues to shape investor reactions to any sharp move in the shares. As long as Opendoor can’t ramp up home purchases, speed up sales, and maintain margins despite mortgage rates above 6%, big price jolts are likely to stick around. Reuters
