A Rise in Opportunities: Dive In

Market Memo

Observations from CJ Patrick Company, LLC on the state of the market:

• Existing home sales trail weak 2023 numbers as mortgage rates tick back up over 7%.
• Softening demand and rising inventory of homes for sale may present opportunities for fix-and-flip and rental property investors.
• New home construction more robust than expected.
• Rental investors should look at new construction in markets with increased inventory, declining prices.
• SFR market outperforming apartment market.
• Demographic trends support rental market growth due to future home-owners renting due to affordability issues.
• Potential over-supply of apartment units resulting in higher vacancies, declining rental prices in the multi-family sector.

What's New?

RCN's CMO Featured as Industry Trailblazer

Sharing her journey of daring to innovate in the mortgage industry, CMO, Erica LaCentra highlights the importance of weathering storms of criticism and self-doubt. As a trailblazer, she exemplifies the power of speaking up, inspiring women to find their voices and pave new paths in the industry. Read her insightful interview with Mortgage Women Magazine to gain valuable insights and inspiration.

MPA Highlights RCN Capital's 2024 Trajectory

In 2024, we're prioritizing strong partnerships with wholesale partners. With 85% of our business coming from them, we're equipping them with the tools they need for success. Check out this article below in Mortgage Professional America to see how our focus can benefit you!

Where you can find us this month!