Market sentiment among residential real estate investors has continued to weaken early in the third quarter, according to survey findings published Tuesday by RCN Capital.
The wholesale lender of business-purpose rental and rehabilitation loans said macroeconomic volatility and interest rate pressures are largely to blame for the downturn in sentiment triggered by the start of the Iran war in late February.
After plummeting 14 points to 87 in the first quarter, RCN Capital’s Investor Sentiment Index slid another three points lower to land at 84 by the end of June. That is the most pessimistic reading in the index's history, which launched in July 2023.
“Investors, both fix-and-flip and rental property investors, clearly feel that market con...