News Updates

RCN Capital Surpasses 20,000 Loans Funded Since Inception

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Company Recognizes Noteworthy Origination Milestone Despite Industry Turbulence RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, announced a major origination milestone of over 20,000 loans funded since its inception in 2010. RCN Capital, which offers financing for short-term fix & flip projects, long-term rentals, & ground-up construction, takes pride in its commitment to providing the investor community with funding options despite ongoing turbulence in

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Pandemic boomtowns Las Vegas and Phoenix saw investor purchases fall over 60%—more than all of the other metros Redfin analyzed Investor purchases of U.S. homes fell a record 45.8% year over year in the fourth quarter as the high cost of borrowing money and the prospect of substantial home-price declines made real estate investing less attractive. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The second

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Completed Foreclosures (REOs) See First Year-Over-Year Decrease; Foreclosure Starts Down 1 Percent from Last Month ATTOM, a leading curator of land, property, and real estate data, released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 36 percent from a year ago, and up 2 percent from the prior month. ”The uptick

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Buyers begin to return to the market in January as interest rates begin to level off and sellers may not be far behind As mortgage rates hit their lowest levels since September, buyers and sellers are coming to terms with 6% interest rates as the new normal. After record low sales activity at the end of 2022, the Mid-Atlantic housing market rebounded in January. Both pending sales and showing activity

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Net New Listings Placed on The Market Experienced a 43.9% Decrease Year-Over-Year Despite the Slowing Rate Hikes from the Federal Reserve Price Has Flatlined Due to Low Market Activity, Indicated by the Median Price Remaining Unchanged Month-Over-Month Tight Supply Points to a Balanced Market Environment, But Other Market Indicators Such as Days-On-Market and Sale-to-List-Price Ratio Suggest a Buyer’s Market is Imminent HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its

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Green Practices, Digital Interactions, Luxury Amenities, and Future Homeownership The PropTech firm MRI Software has good news for landlords and property managers: They can easily make renters happy by adopting green practices and digital communications. Additionally, luxury amenities earned top spots on renters’ wish lists. Although these are more difficult for landlords to provide, they add significantly to a unit or building’s appeal. These are the key findings from the recent Voice of