Tag Archives: Rick Sharga

A new survey has found that fix-and-flip investors and rental property owners cite a high-mortgage-rate market and limited inventory as their biggest challenges, but insurance costs and coverage are growing concerns as 2024 begins.

The Five Star Conference & Expo closed out with a lively discussion on the latest headwinds impacting the mortgage servicing space, featuring top mortgage servicing execs, economists, and government reps exchanging ideas on how to move the industry forward.

The annual gathering of the Federation of REO Certified Agents took place at the 20th Five Star Conference and Expo, exploring everything REO, including data-backed insights from Fannie Mae and a series of informative panels. As Rick Sharga, President & CEO of CJ Patrick Company put it, "If you want to stay ahead in the distressed/default industry, you need to keep moving upstream."

A new survey from RCN Capital and CJ Patrick Company has found that investor activity appears to be more skewed toward rental properties than fix-and-flip properties, citing the increased cost of financing and limited inventory as major challenges.

Attorneys Stephen M. Hladik and Kent McPhail share their insights on the state of the housing market, and the topics covered on their new podcast, What the M.

“It seems pretty likely that home seller profits peaked for this cycle in 2022,” said Rick Sharga, EVP of Market Intelligence at ATTOM.

This news comes even as rents have risen faster than home prices over the last year in about half of the country.

Per an ATTOM report, foreclosure filings hit 324,237 in December 2022, up from 151,153 in December 2021. This pushed the foreclosure rate from 0.11% in December 2021 to 0.23% in December 2022.

Despite declining home prices, affordability worsened in the fourth quarter of 2022. Click through to find out what this means for the market’s future.

Flipping rates are on the decline as profit margins hit a recent low. Click through to find out more about this trend.