I think Opendoor still does poorly in new markets, but then it improves as they work out the quirks of the local market and start asking the right questions and collecting the right information.
A big part of Opendoor is creating the right apps and processes to collect this information to feed their models. The machine learning part is important, but can give the false impression it's just about data scientists crunching numbers at head office, when in reality there's a huge real-world operational machine that's driving it.
A big part of Opendoor is creating the right apps and processes to collect this information to feed their models. The machine learning part is important, but can give the false impression it's just about data scientists crunching numbers at head office, when in reality there's a huge real-world operational machine that's driving it.