> So how is the FTC determining the counterfactual of what the homes would have sold for on the open market?
The complaint [0] which preceded the settlement laid out the detailed narrative of specific steps Opendoor took to reduce it's offers based on its own internal estimate of market prices, and Opendoor’s own internal analyses of it's offered prices (separately on accepted and customer rejected offers) being below market value.
The complaint [0] which preceded the settlement laid out the detailed narrative of specific steps Opendoor took to reduce it's offers based on its own internal estimate of market prices, and Opendoor’s own internal analyses of it's offered prices (separately on accepted and customer rejected offers) being below market value.
So Opendoor already did that work for the FTC.
[0] pdf: https://www.ftc.gov/system/files/ftc_gov/pdf/Complaint%20%28...