iBuyers struggle in Q3 while operating at ‘peak uncertainty’
The cooling housing markets of Q3 2022 were not kind to iBuyers Opendoor and Offerpad. Or, as Carrie Wheeler, the CFO of Opendoor put it: “We’re operating at peak uncertainty right now, with an expectation of continued home price depreciation.” As with the second quarter of 2022, the days leading up to the release of […]