Why Opendoor Stock Dropped 20% in October

Opendoor Technologies stock fell 20% in October due to market concerns about rising interest rates and a weak housing market impacting the digital real estate company's ability to grow. While the company has shown operational improvements under new CEO Kaz Najatian—including increased home purchases and improved cost efficiency—quarterly results remain disappointing with a 44% revenue drop and expanded net losses. The stock is down 69% year-to-date and 95% from its high, with recovery dependent on interest rate declines or housing market improvement.