Inside Opendoor: What 2 years of transactions tell us

Analyzing MLS data and public records can shed light on the company's future
  • Opendoor -- the two-year-old real estate startup -- is making waves and is very well-funded.
  • An analysis of MLS and public records shows market traction we can't ignore.
  • The model comes with risk, but the path to $1 billion in revenue is believable.

Raising $210 million is enough to get any business into the news. That’s especially true when the business in question is Opendoor, the two-year-old real estate startup that aims to bring simplicity to the housing market by purchasing homes directly from sellers and flipping them over to buyers after a quick spruce-up.