Jeff Andrews on Muck Rack

Jeff Andrews

Verified
New York
As seen in: HousingWire, ESPN, Yahoo Finance, VICE, The Daily Dot, Curbed, The Real Deal, BiggerPockets, Midland Daily News, NewsBreak, Duluth News Tribune and
Real estate reporter with @housingwire.
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Articles

Opendoor announces new home seller option, Cash Plus

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By Jeff Andrews Verified
| HousingWire Verified
The brutal housing market has forced iBuyers to reconfigure their businesses — and Opendoor has a new offering it thinks will entice more home sellers to the platform. Opendoor calls the new offering Cash Plus. It provides sellers access to “a significant portion” of their home’s value in as little as 14 days. Sellers can also gain additional money after the home is sold.
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New-home sales stay sluggish as builder headwinds persist

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By Jeff Andrews Verified
| HousingWire Verified
The good news is that new-home sales in June ticked up slightly compared to May. The bad news is they’re still running at a significantly lower pace than a year ago. According to the monthly report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new-home sales in June registered at a seasonally adjusted annual rate of 627,000, up 0.6% from the revised May tally but 6.6% below the pace posted in June 2024.
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Opendoor stock plummets after Reddit-fueled surge

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By Jeff Andrews Verified
| HousingWire Verified
Reddit giveth and Reddit taketh away. The infamous subreddit Wall Street Bets has turned Opendoor into its latest meme stock, pushing up the price of the iBuyer’s equities to a peak of $3.99 on Tuesday — a shocking rise of 537%. But the price of the stock began to sink toward the closing bell later in the day, and as of midday Wednesday, the price had fallen to a low point of $2.05. That’s a drop of nearly 50% in just a few hours of trading.
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