Opendoor shares plunge 42% YTD amid rising Treasury yields and housing market pressure

Opendoor Technologies shares have dropped 42% year to date due to rising long-term Treasury yields, which increase mortgage costs and reduce home-sale volumes. This impacts Opendoor more than other real estate tech firms because it holds housing inventory and incurs financing costs. Other companies like Zillow and Compass show varied performance, with Compass benefiting from luxury market exposure. The broader homebuilders ETF is up 3.5% YTD, highlighting a split between builders and transaction-dependent tech firms. Investors should watch Treasury yields and housing trends for future shifts in this sector.