Is Time Running Out for This Property-Tech Stock?
The housing market's sharp reversal in 2022 caught real estate technology company Opendoor Technologies (NASDAQ: OPEN) by surprise. And so it has been aggressively clearing inventory bought at higher prices, piling up losses.
Fourth-quarter earnings gave investors some insight into Opendoor's progress. Here are the essential takeaways from the quarter, which could tell you whether the company's financials can survive or if more trouble lies ahead.
What a difference a year can make: Housing prices were red hot in early 2022, leading to stories of bidding wars and home tours with lines of people out the door.
Source Fool.com
