Mortgage And Real Estate News

Thursday, September 6, 2018

Opendoor Aims to Capture More Market Share

Opendoor, an online marketplace where investors can purchase properties directly from the owners, is expanding its reach across the country, setting a goal of having a presence in 50 U.S. markets by the end of 2020. The company told HousingWire that it plans to operate in 12 new markets in the next year alone. Over the next few months, it will focus on Sacramento, Calif.; Riverside, Calif.; Denver; Portland, Ore.; Austin, Texas; and Jacksonville, Fla. Opendoor says expanding into those markets—along with the 10 cities it currently operates in—will make its service accessible to about 15 percent of the U.S. population.

Read more... https://magazine.realtor/daily-news/2018/09/04/opendoor-aims-to-capture-more-market-share

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