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This Beaten-Down Real Estate Tech Stock Could Rise Again

This Beaten-Down Real Estate Tech Stock Could Rise Again

Bloomberg reported that Opendoor lost money on 42% of the homes it sold in August, though that doesn't include the 5% fee the company collects from sellers. Many might remember how former competitor Zillow previously tried its hand at iBuying homes but gave up last fall due to poor unit economics. Here's why Opendoor's darkest hours could be upon us -- and why there could soon be light.