Opendoor Investor Presentation Deck

We incorporate annual home price seasonality into our spread assumption Typically, majority of HPA realized in 1H, with flat to moderately negative HPA in 2H 30-day rolling month-over-month home price appreciation (HPA) Rolling HPA Bps 400 200 -200 Jan Feb Mar Apr May Note: Weighted to Opendoor markets; non-seasonally adjusted; as of November 1, 2023 Jun Jul Aug Sep Oct Nov mily Dec 2014 2015 - 2016 2017 2018 2019 - 2020 2021 2022 - II -2023 | Path to positive ANI Annualized Revenue Contribution Margin Net Interest Expense $10B Adj. Operating 4-5% Expenses Adj. Net Income breakeven 5-7% 2-3% 30

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