Ray retweeted
Hey @realDonaldTrump what are you doing?
It’s been nearly 2 years and there’s been no true action on housing what’s going on?!
That was your promise AND it’s your sector.. what kind of game are you playing man?
Tens of millions of Americans are struggling this year because some companies are making record profits off interest rates that never should have been this high in the first place.
And also little new housing construction..
It's almost a parody. And yet you know true will better than anyone.
Ultimately stopping the war isn't the only way to solve the problem. So many different levers. Fix this please. It’s urgent. It's the American Dream 🏡 🇺🇲
$OPEN
🤖 Made with AI
Ray retweeted
$OPEN JUST DROPPED ONE OF ITS STRONGEST OPERATING UPDATES YET. 🔥
This isn’t one bullish metric.
EVERYTHING moved in the right direction.
Acquisition Contracts: 477
→ +34% WoW
→ Previous week implied: ~356
→ Previous year: 126
That’s roughly +279% YoY — 3.8X last year’s level.
And then comes resale execution.
Q3 Resale COEs finished at 2,728 vs. 2,653 last year.
But the acceleration into quarter-end is what really caught my attention:
Sep. 19: 2,314 COEs
Sep. 30: 2,728 COEs
That’s 414 additional closings in just 11 days.
→ 37.6 closings/day
Compare that with the Q3 pace through Sep. 19:
→ 28.6 closings/day
That’s roughly a 32% acceleration in daily closing velocity into the end of the quarter.
And remember: Opendoor explicitly warns that closing recordings can be delayed, meaning transactions recorded after a period closes are reflected when recorded.
Then there’s arguably the most important quality signal:
RELATIVE CLEARANCE: 1.27x
Opendoor is now clearing homes 27% better than the MLS.
This matters.
They’re not just acquiring more homes.
They’re acquiring at dramatically higher volume while simultaneously moving inventory faster than the underlying market.
477 contracts.
+34% WoW.
~+279% YoY.
2,728 Q3 resale COEs.
~32% acceleration in closing pace into quarter-end.
1.27x relative clearance.
Acquisition velocity ↑
Resale velocity ↑
Market-relative performance ↑
This is exactly the operating flywheel bulls have been waiting to see.
$OPEN isn’t showing one isolated improvement anymore.
The entire machine is starting to accelerate. 🚀
Data: Opendoor Accountable
