MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 7/24/2023 – 7/31/2023
Let’s see what the market’s doing this week in the Riverdale area of the Bronx.
Did You Know?
Among US homeowners who say they plan to sell in the next 3 years, 67% would be willing to wait until mortgage rates drop. (Credit Karma)
MIMiC Systems, has designed a solid-state heating and cooling system that uses solid material to transfer thermal energy, thereby requiring no moving parts like the compressors found in traditional ACs. The setup is fully modular, which means it can be more responsive to the differing temperature needs of individuals in a space. It also cuts the need for refrigerants completely.
What can happen after massive pricing escalations, often artificially fueled by too much stimulus and greed/excessive profit? For a peek into the future, take a look at China: Prices charged by Chinese factories that make products ranging from steel to cement to chemicals have been falling for months. Consumer prices, meanwhile, have gone flat, with prices for certain goods—including sugar, eggs, clothes and household appliances—now falling on a month-over-month basis amid weak demand. (WSJ)
Nearly 31% of luxury deals that closed in the second quarter of 2023 in The Hampton’s New York came after multiple offers, topping the previous high of 27% set a year ago. (Bloomberg)
The majority of American homes have ducted central air conditioning systems that heat and cool homes uniformly throughout the space, regardless of where people are and differences in room temperatures. Flair, sells a smart vent that can redirect air from one part of the house to another, effectively avoiding wasted energy and overcooling one room in order to get another to a tolerable temperature. Customers have told the company they’ve saved as much as 30% of their electricity bills by installing the system. The company’s devices are installed in 30,000 homes.
Smart thermostats that customers can use to control the temperature from anywhere via an app. That could allow these smart thermostat-connected HVAC units to be integrated into the grid and participate in load flexibility programs.
Courtesy of Adam Turkewitz, Wells Fargo
