MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 8/3/2026 – 8/10/2026

Did You Know?

* Fannie Mae and Freddie Mac are asking condominiums to set aside more of their budgets in reserve accounts that can be used to pay for capital projects. A large share of condo HOA’s are underfunding their reserves, potentially leaving them vulnerable to expensive surprise repairs. To bolster reserves, they will likely have to raise dues from homeowners. Assessing is often wiser as it allows you to add this to your home’s cost basis. (WSJ)

* Canada (16%), Mexico (14%), China (11%) and India (9%) are the largest source of foreign buyers in the US. 53% of Florida buyers reside outside of the US.

* 80% of metro markets in the US saw home price increases in the second quarter of 2026.

* The passage of a sweeping U.S. cryptocurrency market structure bill—principally known as the Digital Asset Market Clarity Act (the CLARITY Act)—is currently blocked by unresolved political ethics disputes, intense banking sector lobbying, and sudden pushback from within the crypto industry itself. Traditional banks have heavily lobbied lawmakers to restrict crypto firms from offering interest-like rewards on stablecoin holdings. Banks argue that allowing crypto exchanges to pay yield on idle stablecoin balances acts exactly like a traditional bank deposit, which could unfairly draw hundreds of billions of dollars out of the regulated banking system.

* The price of copper is up 55% since the beginning of 2025.

*Did the Pied Piper play….the flute? Have you noticed a design trend recently where every surface seems to be fluted?  Is this aging badly already?
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“Moneymaxxing” promotes practicing better financial habits, such as cutting expenses, redeeming rewards points and earning interest on savings.In an affordability crunch, social media’s latest trend may have staying power, experts say, focuses on creating everyday habits to create long-term financial success. (CNBC)

Mortgage Rate Updates:

The average rate on a 30-year fixed mortgage in the US rose to 6.69% as of August 8, 2026, from 6.66% a week earlier, marking a fifth consecutive weekly increase and the highest level since late July 2025. Mortgage rates continued to climb as the war with Iran and the Federal Reserve’s decision to keep interest rates unchanged fueled inflation concerns. The rise in borrowing costs has further strained affordability, keeping many prospective homebuyers on the sidelines. As a result, applications for new mortgages declined in the final two weeks of July, according to the Mortgage Bankers Association. Still, “While mortgage rates continue to influence affordability, the housing market is showing signs of adjustment, with listing prices modestly below year-ago levels and for-sale inventory improving from the limited supply seen in recent years.”, said Sam Khater, Freddie Mac’s Chief Economist.

Source: Freddie Mac