Mortgage News

OpenDoor Just Laid Off More Staff

June 16, 2025

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Home prices are poised to drop as inventory rises across the country. Markets like Seattle, Florida, and California are seeing more listings, and just a few low comps can reset pricing for entire neighborhoods. Companies like OpenDoor are struggling in this tougher market, while traditional real estate agents continue to prove their value. Meanwhile, affordability issues are hitting multifamily housing hard, leading to rising delinquencies. For real estate agents and loan officers, this shift presents a clear opportunity—those who adapt now can thrive.