Opendoor SPAC Presentation Deck

Residential real estate prices move gradually Average QoQ price change Note: +3% 0% -3% 1Q75 with th 2Q20 Home price movements from Federal Housing Finance Agency (FHFA) All-Transactions Home Price Index (Not Seasonally Adjusted) (1) Seasonally adjusted annualized rate from National Association of Realtors data Only one quarter where prices dropped more than 3% since 1975 Even in the 2008 subprime housing crisis: Peak-to-trough, home prices took 5+ years to decline Annualized transaction volumes remained above 3.7M (1) 62

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