A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
Investors in the single-family housing market are increasingly concerned about interest rates, rising insurance and home costs, and the ongoing war with Iran. As a result, they are less confident in their businesses than they have been in at least three years.
Investor sentiment at the end of June fell for the second straight quarter to an all-time low on the quarterly RCN Capital/CJ Patrick Company Investor Sentiment Index, or ISI. The index surveys more than 300 investors in the fix-and-flip and rental businesses.
Just 26% of respondents said they believe market conditions are better than they were a year ago, the lowest share since the survey began in 2023 and down from 35% in the first quarter. Fully 45% said the market has gotten worse, the highest in the survey's history.
