Key Highlights: Challenging Housing Market: The housing market remains under pressure due to elevated mortgage rates and economic volatility. Despite a temporary dip during Q3 2024, mortgage rates rebounded in October 2024. Financial Performance:Revenue: $1.377 billion (Q3 2024) compared to $980 million (Q3 2023). Gross Profit: $105 million (Q3 2024) compared to $96 million (Q3 2023). Net Loss: $(78) million (Q3 2024) compared to $(106) million (Q3 2023). Homes sold: 3,615 (Q3 2024) compared to 2,687 (Q3 2023). Homes purchased: 3,504 (Q3 2024) compared to 3,136 (Q3 2023). Inventory Financing: Opendoor relies heavily on non-recourse asset-backed debt to finance its home acquisitions. This includes senior and mezzanine term debt facilities. The company has total outstanding balances on asset-backed debt of $2.1 billion and undrawn borrowing capacity of $4.9 billion. Strategic Adjustments: In response to the market downturn, Opendoor has slowed its market expansion plans and focused on expanding its share in existing markets. Legal Matters: A shareholder derivative lawsuit was filed in October 2023, related to previous securities litigation. The action is currently stayed pending further developments.