In this article, you will get all information regarding Why does Opendoor sell homes at a loss? The real word – allhomes.news

Byron Lazine and Nicole White started this week’s episode by discussing the loss-making sale of Opendoor, the Zillow lawsuits, the upcoming Fed meeting and the impact of inflation on the mid-election. mandate.

Byron Lazine and Nicole White are two Connecticut agents who give us their take on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.

Byron Lazine and Nicole White started this week’s episode by discussing Opendoor’s loss-making sale, then Zillow’s lawsuit, the upcoming Fed meeting and the impact of inflation on the election. mid-term.

Racket n° 1: opendoor sale at a loss

After getting ahead of the competition, Opendoor is now selling homes for less than their purchase price. White said she was a bit surprised that Opendoor was selling at a loss and wondered if Opendoor overpaid the same way Zillow was before its Zillow Offers program ended.

Lazine said he doesn’t have data to indicate Opendoor is doing the same, but he’d bet whoever “verifies” Opendoor’s algorithm hasn’t been into real estate investing and isn’t. not in local markets to see where the holes in Opendoors calculations.

Racket #2: Zillow Sued for Violating Wiretapping Laws

According to a lawsuit filed in federal court in Washington, Zillow’s recording of consumers’ interaction with its website violates wiretapping laws. Lazine said he assumed the lawsuit would be settled, Zillow has tons of data on its website. “Don’t sneeze” on the ability that gives them, mostly because consumers trust them. Use this trust factor to educate consumers.

Left, middle, right:

Treasury yields hit new multi-year highs, stock futures slide

This article from The Wall Street Journal talks about the continued rise in the yield of 10-year Treasury bills, which continues to drive up mortgage rates. Lazine said we could be heading for 7%+ which is a huge swing from the 2 lows we see at the start of the year. “Couple up, officers.

Inflation will choose the winner of the midterm elections in November

“Let’s assume that’s true,” Lazine said of this Fox News article. For those of you who have money or access to money on good terms, go for it this winter and buy some real estate. “Once we get past the hysteria of this election, things will start to look up next year, and we won’t have these opportunities forever.” White said she just wanted to do some business and renovate it.

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Source : www.inman.com

Why does Opendoor sell homes at a loss? The real word – allhomes.news

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