MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 3/31/2025 – 4/7/2025
Let’s see what the market’s doing this week in the Riverdale area of the Bronx.
Did You Know?
* Will equity markets continue to plummet today? Early pre-market indicators say…..yes. The DOW is trading now at levels around December 2023, wiping out 15 months of gains.
* San Francisco, Honolulu, Seattle, Salt Lake City, San Diego, Portland, Denver, Minneapolis, Washington DC and Huntington Beach, CA are the TOP 10 healthiest cities according to Wallet Hub’s analysis of 180 US cities that factored across 41 key indicators of good health ranging from the cost of a medical visit to fruit and vegetable consumption to the share of physically active adults. 36% of the areas in the TOP 25 are located in California. Scottsdale, Salt Lake City, and Raleigh were the three fittest! (WalletHub)
“Business is a confidence game. We are losing the confidence of business leaders around the globe,”
– Bill Ackman, CEO of Pershing Square Capital Management who
called for a 90-day pause in the tariffs to negotiate with other countries, warning that the alternative was “a self-induced, economic nuclear winter.” (WSJ)
* The TOP 10 wealthiest people in the US lost about $350 billion in net worth collectively so far this year….in case that makes you feel any better?
* Imported cars that are at least 25 years old are not subject to any tariffs. Will the wealthy buy fewer new Bentleys, Rolls Royces and Ferraris that are already showing 10% price increases to offset tariffs? If sales decline will local sales tax revenues decline too? (MANSION GLOBAL)
Mortgage Rate Updates:
The average rate on a 30-year fixed mortgage backed by Freddie Mac eased to 6.64% on April 3rd, declining for the third consecutive week. “Over the last month, the 30-year fixed-rate has settled in, making only slight moves in either direction. This stability is reassuring, and borrowers have responded with purchase application demand rising to the highest growth rate since late last year,” said Sam Khater, Freddie Mac’s Chief Economist.
Source: Freddie Mac
