Opendoor Technologies Sinks 9%, Rocket Companies Falls 5% Amid Home-Sales Slump; Offerpad Resists the Real Estate Selloff

Opendoor Technologies (OPEN) shares dropped 9% after its Q2 EPS loss significantly exceeded estimates, while Rocket Companies (RKT) fell 5% ahead of its Q2 earnings amid a broader real estate sector slump driven by high mortgage rates and soft home sales. In contrast, Offerpad Solutions (OPAD) saw a 1% gain despite weak Q2 results, as investors focused on its improving unit economics. The iShares U.S. Home Construction ETF (ITB) also declined, reflecting widespread housing market weakness.