US Real Estate Stocks Slump as Opendoor Tumbles 9% on Weak Guidance

Key Facts

Amid mounting pressure on the US housing sector, shares of major real estate technology and mortgage firms slumped on Thursday. Opendoor Technologies shares fell 9% to $3.43 following the company's issuance of weak revenue guidance for the third quarter. Similarly, Rocket Companies shares dropped 5% as part of a broader real estate selloff triggered by a slump in home sales according to reports.

This decline reflects broader concerns regarding the housing market, with losses extending to other sector players such as Offerpad. These price movements are driven by disappointing sectoral data, which has dampened investor confidence in the ability of mortgage and real estate brokerage firms to maintain growth under current market conditions, per analyst data.

Regarding price levels, Rocket Companies (RKT) stood at $13.86 (at close August 05, 2026), having touched a day low of $13.74. With no immediate US housing-specific catalysts listed in the upcoming economic calendar, traders will be watching current support levels to gauge the potential duration of this sector-wide selloff.