Opendoor Technologies (OPEN) closed the week of September 28 at $2.43 after a 5.45% decline, reflecting broader housing sector pressure from elevated mortgage rates near 6% and persistent seller-buyer imbalances. The company’s Q2 2026 results showed revenue of $883 million with contribution margin expanding to 5.8%, supported by record weekly acquisition contracts above 700 and improved unit economics, though GAAP net loss widened to $162 million. Management highlighted progress toward adjusted net income breakeven on a twelve-month forward basis by year-end, with Q3 contribution margin expected at 4–4.5% before a potential Q4 rebound. Recent initiatives, including the exit of Opendoor Home Loans from beta and a $650 million convertible notes offering with share repurchases, bolster the balance sheet amid ongoing inventory growth to 5,459 homes. Traders are monitoring housing data releases and any Q3 operational updates for shifts in sentiment around near-term share price thresholds.