Trending News: April 26, 2023

Opendoor cuts 22% of staff, existing home sales down 22% from a year ago, and home sales remain subdued for the remainder of 2023.

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Show Notes

Opendoor cuts 22% of staff: iBuyer executes second round of layoffs in five months. Read more

Existing home sales down 22% from a year ago: After rising 14.5% in February, existing home sales were back down last month. Read more

Home sales to remain subdued for remainder of 2023: Housing demand, home prices were more resilient than anticipated in Q1, but the rate lock-in effect will hinder home sales, according to Fannie Mae. Read more

Music by: Gloria Tells from Epidemic Sound


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