MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 11/10/2025 – 11/17/2025
Let’s see what the market’s doing this week in the Riverdale area of the Bronx.
Did You Know?
DID YOU KNOW?
* Although the U.S. economy isn’t performing as well as some claim, there is a disconnect: by conventional measures it isn’t doing badly enough to justify the extremely negative views Americans currently hold. The last economic numbers available (delivered before the shutdown) showed unemployment at 4.3% and inflation at 3%. These are both decent numbers from a historical perspective……Are we in a VIBECESSION….in which people feel lousy about an economy that according to conventional measures seems pretty good or at least not so bad? (Paul Krugman)
* Unequal access to housing primarily reflects unequal incomes: Proposed solutions that sidestep this reality—freezing the rent, boosting supply, improving construction productivity, or extending mortgage terms—will merely keep affordability at the top of the agenda, and certainly won’t overcome the force of income inequality that’s been gaining strength since Darwin observed a housing crisis in 1836. (home-economics.us)
* Could a mini crypto mine in the basement heat your home? Now…..a $900 space heater that also doubles as a bitcoin mining rig, but skeptics say the growing crypto home heating market is an inefficient method of providing warmth and managing energy bills. (CNBC)
* Strict limits on rent increases under the 2019 laws in New York City have left an estimated 50,000 apartments vacant across the city. Because the restrictions on what landlords can charge for these apartments often don’t even cover the costs of maintaining them, they become ghosts. (Free Press)
Mortgage Rate Updates:
The average rate on a 30-year fixed mortgage rose to 6.24% as of November 13th, 2025, rebounding further from the lowest since early October 2024 of 6.17% seen two weeks ago, according to a survey of lenders by mortgage giant Freddie Mac. “Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but purchase activity increased, which is encouraging,” said Sam Khater, Freddie Mac’s chief economist.
Source: Freddie Mac
