
Opendoor CEO Unveils Radical Plan to Save Real Estate Firm
Facing persistent losses, Opendoor's new CEO Kaz Nejatian is rolling out a radical turnaround plan involving a 20% staff cut and a shift to a high-volume sales model.
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Facing persistent losses, Opendoor's new CEO Kaz Nejatian is rolling out a radical turnaround plan involving a 20% staff cut and a shift to a high-volume sales model.

A new law increases the state and local tax (SALT) deduction to $40,000 for 2025, offering major tax savings for millions of homeowners.

Singapore's pension system has achieved a top-tier 'A-grade' in a global index for the first time, making it the only Asian country with this rating.

The U.S. housing market is experiencing a significant slowdown as Federal Reserve rate hikes push mortgage rates to multi-year highs, reducing affordability.

A proposal to raise the federal SALT deduction cap to $40,000 could offer major tax relief, with nearly 75% of California homeowners potentially benefiting.

Rising interest rates, driven by Federal Reserve policy, have drastically lowered housing affordability and slowed home sales across the United States.

The U.S. housing market is experiencing a significant slowdown as mortgage rates reach two-decade highs, curbing buyer demand and slowing home price growth.

Opendoor announced a major expansion to offer its services across the continental U.S., causing its stock to surge over 20%. The new strategy focuses on agent partnerships.