NEW YORK, December 30, 2025, 02:55 ET — Market closed
- Opendoor (OPEN) last closed at $5.83, down about 3%, on roughly 44 million shares.
- Pending home sales rose 3.3% in November, the strongest pace in about three years, according to the National Association of Realtors.
- Traders later Tuesday watch the Case-Shiller home price index and the Federal Reserve’s meeting minutes.
Opendoor Technologies Inc (OPEN.O) shares fell about 3% in the last regular session, ending at $5.83, as investors positioned ahead of key U.S. housing and policy updates due later Tuesday.
Opendoor runs an “iBuyer” model — it makes near-instant offers, buys homes and resells them — which ties its outlook to mortgage rates and the pace of existing-home sales. Reuters
That sensitivity matters now because small shifts in borrowing costs can quickly change affordability for buyers and the resale math for firms that hold housing inventory.
On Monday, the National Association of Realtors said its pending home sales index rose 3.3% in November, the highest since February 2023 and above economists’ forecasts for a 1% gain. NAR chief economist Lawrence Yun said improving affordability was “helping buyers test the market,” citing lower mortgage rates and wage growth outpacing home prices. Reuters
Pending home sales track signed contracts, which typically turn into closed sales a month or two later. Traders often use the series as an early read on demand before it shows up in completed transactions.
Opendoor has also been reshaping its executive team. The company named Lucas Matheson president and said Christy Schwartz will become chief financial officer on Jan. 1, 2026, a filing showed.
In its most recent quarterly update, Opendoor said it was pushing for faster resale speed and tighter expenses as it works toward breakeven adjusted net income by the end of 2026.
Offerpad is the closest listed peer that also buys and resells homes, while Zillow and Redfin are more exposed to listings and brokerage activity. Investors tend to trade the group as a proxy for shifts in affordability and turnover in existing homes.
Before the next U.S. equity session gets fully underway, investors will get another read on prices when S&P Dow Jones Indices releases the Case-Shiller home price indexes at 9 a.m. ET. The indexes are published with a two-month lag and are widely watched for signs that prices are cooling — or reaccelerating — across major U.S. metros.
The Fed is scheduled to publish minutes from its Dec. 9-10 meeting at 2 p.m. ET. The minutes are the central bank’s detailed account of the discussion and can sway rate expectations — a key input for housing-linked stocks.
Technically, Opendoor’s $5.79–$6.03 trading range in the last session leaves the $5.80 area as a near-term support zone, with resistance clustered near $6.00. A decisive break either way can attract short-term momentum traders.
