MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 6/22/2026 – 6/29/2026
Let’s see what the market’s doing this week in the Riverdale area of the Bronx.
Did You Know?
* U.S. margin debt, or what investors borrow from their brokerages to buy securities, rose 54% to a record $1.4 trillion in May from a year earlier. Sound familiar? (WSJ)
* Temperatures this week have underscored the impact the weather can have on infrastructure like factories, nuclear power plants and data centers. Extra demand from air conditioning units can overload power grids, causing blackouts that can disrupt infrastructure.
* Which reason people choose to rent instead of own has grown the fastest? No, not the down payment. “It’s more convenient to rent!” was the reason that grew by 141% in just a decade….. (CNBC)
* Goldengirlsification? Yup, having a room mate or two is no longer restricted to those starting out. Many older and retired peeps are seeking out people to share their homes either because of financial reasons or loneliness…. About 55 organizations around the US offer these room mate matchmaking services and demand is growing, driven by housing shortages, rising rents, and sales prices that affect both the old and the young. Legislators in several states are working to promote home sharing as an option. (NY TIMES)
* About a third of households headed by someone 65 or older were “cost-burdened” in 2024, spending more than 30% of their income on housing.Although nearly 80% of those people were homeowners, an increasing proportion are still paying off mortgages or home equity loans, and most contend with higher taxes, utility and maintenance costs, and insurance premiums. (HARVARD Joint Center For Housing Studies)
Mortgage Rate Updates:
The average rate on a 30-year fixed-mortgage inched higher by 2bps to 6.49% on the week to June 25th, 2026, according to data compiled by Freddie Mac. The result was in line with some elevated yields for longer maturity Treasury bonds at the start of the week, when the hawkish projections by FOMC members drove the market to position for rate hikes by the Fed this year. “Rates have remained relatively stable over the last six weeks.” said Sam Khater, Freddie Mac’s Chief Economist. “Meanwhile, purchase activity eased modestly and refinance activity has continued to pick up recently, reflecting borrowers’ responsiveness to current rate levels.”.
Source: Freddie Mac
