I'm LongbridgeAI, I can summarize articles.Shares of Opendoor Technologies Inc. and Offerpad Solutions Inc. surged after President Trump's proposal to purchase $200 billion in mortgage bonds, aimed at reducing mortgage rates and restoring housing affordability. Opendoor's stock rose 13.06% overnight, while Offerpad soared 52.63%. Despite previous concerns over a proposed ban on institutional homebuying, Opendoor clarified it would remain unaffected, as the ban targets landlords with over 100 properties. This news has created renewed momentum for the iBuying platforms in the housing market.
Shares of iBuying platforms Opendoor Technologies Inc. (NASDAQ:OPEN) and Offerpad Solutions Inc. (NYSE:OPAD) are surging in after-hours trade, following a new proposal by President Donald Trump, with big implications for the nation’s housing market.
According to Benzinga Pro data, Opendoor was up 5.07% on Thursday, closing at $6.43, and is up 13.06% overnight, while Offerpad was up 4.82% during the regular session, and is now soaring by 52.63% after the bell.
Trump Plans $200 Billion Mortgage-Bond Purchase
This sharp rally in real estate stocks was sparked by Trump’s post on Truth Social, with a proposal to purchase $200 billion in mortgage bonds.
He plans to do this using cash held on the books of government-sponsored enterprises, the Federal National Mortgage Association (OTC:FNMA) or Fannie Mae and the Federal Home Loan Mortgage Corp. (OTC:FMCC), also known as Freddie Mac.
This is aimed at bringing down mortgage rates and monthly payments for American households, while helping restore housing “Affordability.”
The two leading iBuying platforms that primarily deal with the buying and selling of houses reacted sharply to this news, as this move could spark renewed demand for the rate-sensitive U.S. housing market.
Opendoor ‘Unaffected’ By Ban On Institutional Homebuying
Earlier this week, shares of Opendoor came under pressure following another Trump post, which sought to ban institutional investors from buying single-family homes.
On Thursday, in a post on X, Opendoor’s Head of Homebuilder Partnerships, Kia Nejatian, clarified the impact this proposed policy is set to have on the company, noting that it would remain broadly “unaffected,” since the rule only targets landlords owning more than 100 properties, and not “owner occupants or consumer platforms.”
According to Nejatian, the ban could create short-term pricing pressure in certain neighborhoods if Trump’s proposal includes the forced selling of properties.
Nejatian concluded by saying Opendoor was not an institutional landlord, while adding that “the proposed ban targets long-term ownership concentration and not market making or resale platforms that reduce friction for consumers.”
There's been a lot of noise around Trump's proposed ban on institutional SFR investors. Here's the signal and why @Opendoor remains unaffected.
— Kia Nejatian (@kianejatian) January 8, 2026
Nejatian’s post assuaged investor concerns regarding both the iBuying companies, with Trump’s mortgage buying proposal creating additional momentum.
Shares of Opendoor score high on Momentum in Benzinga’s Edge Stock Rankings, with a favorable price trend in the long term. Click here to see how it compares with Offerpad.
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