MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 3/9/2026 – 3/16/2026

Did You Know?

DID YOU KNOW?

* Steve Dean of COMPASS, Washington DC, noted that Bright MLS removed the 21-day limit for “Coming Soon” listings in August 2024. Listings can stay in that status as long as the seller wants.

* Hopefully, the 10-year Treasury rate , now almost 7% higher than a few weeks ago when it dipped below 4% – is transitory as supply chains are disrupted, not unlike when Russia invaded Ukraine in 2022. The world’s economy is extremely reliant on oil and gas supplies. It impacts everything and filters into real estate ……fast. And its less likely the FED will lower rates while this has the capacity to fuel inflation.

* US oil companies stand to receive a windfall of more than $60 billion this year if crude prices maintain the levels they have hit since the start of the Iran war. Will they contribute a portion of this windfall to the US Federal coffers to help pay for the war? 

* NRIMBY? (No ROBOTS in my back yard!) When robots come to a factory, the real estate has to adjust and need specs closer to an Intel chip fab than a warehouse — precision floors, massive power, hospital-grade HVAC. It’s a real estate problem. Every facilitiy needs to be evaluated for robotic integration — power, safety zoning, floor loads, data infrastructure. Amazon learned this the hard way, going through multiple generations of building design as their robots evolved. The robot changes, the building has to change with it. Then try getting one of these facilities approved in rural communities where half the room doesn’t want another industrial building near their property, and the other half is terrified the robots inside it are coming for their jobs. So you’ve got NIMBYism on one side and automation anxiety on the other — and the company in the middle just needs a building with 4,000-amp electrical service and a floor flat to 1/8 of an inch. 

Mortgage Rate Updates:

The average rate on a 30-year fixed mortgage rose to 6.11% as of March 12th, from the softest levels since September 2022 in the previous weeks, according to data from Freddie Mac. The rise tracked rising Trasury yields amid heightened inflation concerns fueled by the ongoing war in Iran triggered the largest weekly increase in nearly a year. “The 30-year fixed-rate mortgage returned to last month’s level of 6.11%. Despite the modest uptick, buyers are responding to rates in this range, with existing-home sales increasing 1.7% in February. Purchase applications also increased this week, a welcome sign as buyers enter spring homebuying season with rates down more than half a percentage point compared to the same time last year,” said Sam Khater, Freddie Mac’s chief economist.

Source: Freddie Mac