MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 4/27/2026 – 5/4/2026

Did You Know?

* What might be the THREE P’s investment takeaway from the annual meeting of Berkshire Hathaway in Omaha this past weekend? Patience, patience, patience?  Sitting on almost $400 billion in cash – enough to build about a million $400,000 homes – waiting for the right opportunity is often the best strategy? Lots of super-wealthy people I know are loaded up with cash….which often says when the opportunities do arise, they may not be as big a bargain as hoped for…..?

* Nothing makes me happier than seeing a striped awning…..the kind you see frequently in the South of France. And they are making a comeback around the globe…. (FT)

* Many Americans spend more on healthcare and insurance than rent or mortgage payments:  We are ALL paying for those without health insurance…. When an uninsured person unable to pay uses an emergency room for a bad flu, the cost to taxpayers and the public often exceeds $2,000 – $3,000 per visit. Because federal law requires hospitals to stabilize patients regardless of their ability to pay, these “uncompensated care” costs are shifted to taxpayers through government subsidies and higher private insurance premiums. Free for THEE, but not you and me! In 2025, the average total annual premium for employer-sponsored family health insurance is nearly $27,000. Workers on average contribute $6,850 directly toward this premium, with employers covering the remainder.

Mortgage Rate Updates:

The average rate on a 30-year fixed mortgage rose by 7bps from the previous week to 6.30% as of April 30th, the first weekly increase in one month, according to data compiled by Freddie Mac. The increase tracked a rebound in long-dated Treasury yields as a surge in energy prices placed inflationary risks on the upside, potentially warranting a hawkish Federal Reserve. “As rates had modestly declined the last few weeks, purchase demand has accelerated with purchase applications rising to over 20 percent above a year ago. It is clear that purchase demand continues to hold up as prospective buyers react to both modestly lower rates and more inventory to choose from than the last few years.” said Sam Khater, Freddie Mac’s Chief Economist.

Source: Freddie Mac