Opendoor Q3-2022 Insights and Q2-2022 Estimates - Vol. 2

Only two weeks remain until Opendoor announces its most profitable quarter in 8 years of operation.

Despite an impressive 2022 performance by Opendoor the company, Opendoor the stock currently languishes near all time lows.

That’s because now is a particularly difficult time to be buying and selling homes at scale. Q2 marked the transition from peak home price euphoria to peak home price doubt, and we are beginning to see some cracks in the shiny veneer of Opendoor’s profitable first half.

As a thank you for being Atoms subscribers, we want to share with you our preliminary Q3 insights alongside Q2 estimates.