The top iBuyer in the U.S. isn't out of the woods yet.

Opendoor ( OPEN 11.33% ) , the top instant buyer (iBuyer) of homes in America, took its investors on a wild ride after it merged with a special purpose acquisition company ( SPAC ) on Dec. 21, 2020. Its stock started trading at $31.47, rose to a record high of $35.88 on Feb. 11, 2021, but sank to an all-time low of $0.51 on June 25, 2025.

At the time, it seemed as if Opendoor's stock could be delisted. But as of this writing, it trades at about $6.65 per share -- so a $1,000 investment at its record low would be worth more than $13,000 today. Will it keep rising and revisit its record highs over the next five years?

What happened to Opendoor over the past five years?

As an iBuyer, Opendoor makes instant cash offers for hom

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