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Opendoor Surges Toward Profitability | Real Estate News
Opendoor’s CEO Kaz Nejatian is bullish on hitting profitability by end of 2026, citing a 23% QoQ revenue surge, shrinking losses, and record contract signings—even amid a tough housing market. The company’s mortgage arm is gaining traction in key states, with plans to expand into 35-40 by year-end, fueling its push for an integrated real estate experience. Meanwhile, rival Offerpad shows signs of recovery with nearly doubled contracts and disciplined growth. Behind the scenes, Opendoor has hired its first chief AI officer, acquired Doma’s closing services, expanded partnerships, and shuttered…
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