MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 1/26/2026 – 2/2/2026
Let’s see what the market’s doing this week in the Riverdale area of the Bronx.
Did You Know?
DID YOU KNOW?
* 2025 will likely register the lowest national homicide rate in 125 years and the l* Energy-efficient homes typically sell faster and for higher prices, often commanding a 2% to 8% price premium. Features like solar panels, double-pane windows, and upgraded insulation appeal to cost-conscious buyers, with some eco-friendly homes selling up to 10 days faster than traditional homes.
* In late 2024 forecasters surveyed by the Philadelphia Fed expected 2.2 percent core PCE inflation — the Fed’s preferred measure — in 2025. We don’t have December 2025 numbers yet, but the Employ America nowcast says 3% for annual inflation in 2025, 0.8 percentage points above 2024 expectations…….which is also the increase in customs duties as a share of GDP. (Paul Krugman)
* About 62% of buyers in 2025 purchased a home below the original listing price, the highest proportion since 2019. The average discount was around 8%—the largest since 2012. The article on this (miraculously) omitted the massive run-up in prices over the prior 4 years….. 😂😂😂 (WSJ)
* The University of Michigan performed a valuation study comparing a 2,000-square-meter conventional roof and a green roof. The study looked at a range of benefits of green roofs, including stormwater management, improved health benefits due to reduced pollution, and energy savings.
Over its estimated 40-year lifespan, a green roof would save about $200,000, of which nearly 66% would come from reduced energy costs.
Mortgage Rate Updates:
The average rate on a 30-year fixed mortgage rose to 6.1% as of January 29th rising for a second straight week from the lowest level since September 2022 of 6.06%, according to data from Freddie Mac. “Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. More homeowners refinancing their mortgages are also benefiting from these lower rates, as shown by the rise in refinance applications over the past year,” said Sam Khater, Freddie Mac’s chief economist.
Source: Freddie Mac
