VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions		Mar. 31, 2025	Dec. 31, 2024
Assets
Restricted cash		$ 134	$ 92
Real estate inventory, net		2,362	2,159
TOTAL ASSETS	[1]	3,277	3,126
Liabilities
Total liabilities	[2]	2,632	2,413
Variable Interest Entity, Primary Beneficiary
Assets
Restricted cash		124	81
Real estate inventory, net		2,353	2,141
Other		26	14
TOTAL ASSETS		2,503	2,236
Liabilities
Non-recourse asset-backed debt		2,133	1,924
Other		29	24
Total liabilities		$ 2,162	$ 1,948

[1] The Company’s consolidated assets at March 31, 2025 and December 31, 2024 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Restricted cash, $124 and $81; Real estate inventory, net, $2,353 and $2,141; Escrow receivable, $20 and $6; Other current assets, $6 and $8; and Total assets of $2,503 and $2,236, respectively.

[2] The Company’s consolidated liabilities at March 31, 2025 and December 31, 2024 include the following liabilities for which the VIE creditors generally do not have recourse to Opendoor: Accounts payable and other accrued liabilities, $27 and $21; Current portion of non-recourse asset-backed debt, $946 and $432; Interest payable, $2 and $3; Non-recourse asset-backed debt, net of current portion, $1,187 and $1,492; and Total liabilities, $2,162 and $1,948, respectively. See “Note 4. Variable Interest Entities” for additional information regarding our VIEs.