MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 7/6/2026 – 7/13/2026
Let’s see what the market’s doing this week in the Riverdale area of the Bronx.
Did You Know?
* For some, Dubai had it all. Vast, air-conditioned shopping malls, good schools for the kids, low rainfall and even lower taxes. Before the Iran war, it was exceptionally safe too. Is safety and security the ultimate luxury?
* According to The Economist, these are the 10 most livable cities in the world:
Copenhagen, Denmark, Vienna, Austria, Melbourne, Australia, Sydney, Australia, Zurich, Switzerland, Geneva, Switzerland, Osaka, Japan, Adelaide, Australia, Vancouver, Canada (The only North American city in the top 10), Tokyo, Japan (The only megacity to make the top 10). (The Economist)
* The TOP 27 Content Creators in the world each earn at least $10 million or more per year……the highest earner earns over $300 million! Most are afforded notable tax breaks too…
* 69% of Americans now support “forcing” AI firms to transfer 50% of their stock to a public sovereign wealth fund, according to a survey by research firm Verasight. The rising number of tech layoffs in the U.S. has left many workers frustrated and worried over job security. However, in research published this May in the journal Proceedings of the National Academy of Sciences, it suggests the U.S. is in the midst of a protracted slowing in its labor force, one that will give way to an outright decline. Sovereign wealth funds can serve in multiple roles when it comes to AI, but also face challenges managing between the public good and the global race to build AI capabilities. The US Government already has direct equity stakes in private companies, notably acquiring a 9.9% stake in Intel and smaller equity positions in critical mineral firms like MP Materials and Lithium Americas. Some call this the very essence of socialism. The foundational technology behind the internet was created with U.S. taxpayer dollars.(Now imagine if real estate agents owned a stake in Zillow…. 🤣 🤔)
Mortgage Rate Updates:
The average rate on a 30-year fixed mortgage edged up to 6.49% as of July 9, 2026, from 6.43% the previous week. “Mortgage rates have not changed much recently, but economic growth and housing affordability continue to improve for homebuyers as they shop for homes in today’s market,” said Sam Khater, Freddie Mac’s Chief Economist. Meanwhile, minutes from the FOMC’s June meeting showed that only a few policymakers favored a rate hike, although officials expressed growing concern about inflationary pressures. Markets continue to price in at least one Federal Reserve rate hike by the end of 2026.
Source: Freddie Mac
