Daniel Rosen on real estate market
From A Video Update with Daniel Rosen EP:2 Clickinvest's Rosario Terracciano · · Renovo Financial
“Our production dropped 70 percent because contract activity just went out to win. But even with that significant drop, there were still over a thousand contracts in Chicago in the last week of March.”
On , Daniel Rosen, Investor Relations Manager at RIO TINTO LITHIUM, spoke about real estate market during A Video Update with Daniel Rosen EP:2 Clickinvest's Rosario Terracciano on Renovo Financial.
About Daniel Rosen
In a September 2020 video conversation with Clickinvest CEO Rosario Terracciano, Daniel Rosen, then serving as Chief Lending Officer at Renovo, discussed real estate market conditions during the COVID-19 pandemic. Rosen stated that his firm chose to "focus more on data than emotions" and noted that their production had dropped 70 percent due to a decline in contract activity. He described inventory as "the most important stat" for investors to track and predicted that in the Chicagoland market, inventory would tighten further once stay-at-home orders were lifted, as renters and condo dwellers sought single-family homes. Rosen advised rehabbers and flippers to list properties promptly, saying "it's a sprint to get it on the market right now." He pointed to China's residential real estate recovery as a pattern that might repeat in the U.S., and cautioned against trying to predict the market beyond the near term. He also recommended that landlords screen tenants carefully, citing strong rental demand.