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Tech Home-Flipper Rides U.S. Home Prices After Zillow’s Fumble

     

     

Photographer: Elijah Nouvelage/Bloomberg

A few months after slowing home-price appreciation torpedoed Zillow Group Inc.’s tech-powered flipping operation, the company’s onetime rival is getting a boost from the hot U.S. housing market.

Opendoor Technologies Inc., the largest of the so-called iBuyers, is listing homes for 17% more than it paid, according to data compiled by Mike DelPrete, a scholar-in-residence at the University of Colorado Boulder.