MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 10/9/2023 – 10/16/2023
Let’s see what the market’s doing this week in the Riverdale area of the Bronx.
Did You Know?
* Watch closely as today a federal antitrust trial starts that claims it could yield major benefits for home buyers……this is the legal battle fought by lawyers who stand to make a fortune claiming buyer agent commissions are ‘fixed’…… In my books, the fees a (professional) buyer’s agent earns are PRICELESS, and the claim that agents are fixing fees and overpaid has been amplified by many ‘reality-TV’ shows that broadcast a false narrative about how easy and quick it is to make millions showing a home while calculating your commission before opening the door……
* Some good economic news? Overall labor-force participation, at 62.8% is a half-point higher than the Congressional Budget Office had predicted it would be before the pandemic, a more active labor market now than in 2019 pre-Covid. U.S. crude oil production had hit an all-time high of 13.2 million barrels per day, which hopefully alleviates the inevitable supply disruptions that may come from the Middle East which could fuel inflation.
Courtesy of Stephen Lascher, Wells Fargo
