Clare Trapasso
@claretrap
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Editorial director at New American Funding covering real estate. Former https://t.co/UPkCWRMQm1 editor & NY Daily News writer. Dog person, pizza lover. Opinions are mine.
New York, NY
Joined June 2008
Housing discrimination against women in lending was a big problem until the mid-1970s. Lenders often refused to count a young wife's income or would only consider a portion of it when deciding whether to issue a mortgage. Some went even further.
realtor.com
In the 1970s, some lenders asked women to promise to return to work if they had a baby. Others asked their doctors to state they were on birth control.
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Existing home sales rose annually for the first time in more than three years. This is why:
newamericanfunding.com
Sales of existing homes rose 2.9% in October compared to the same month a year ago, according to the National Association of Realtors.
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The Fed just cut rates. What does that mean for mortgage rates? https://t.co/QUWyCMCMtR
#mortgagerates #fedmeeting #Fedrate #homebuyers
newamericanfunding.com
Despite the Fed's interest rate cut, mortgage rates may not move down as quickly as many homebuyers had hoped.
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Nearly three-quarters of Americans wouldn't mind sharing their homes with spirits—provided they got a good deal: https://t.co/hht5CnEaxJ
#Halloween #HauntedHouses
newamericanfunding.com
Many Americans would purchase a haunted home—if it was discounted.
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The Fed cut rates by a half a percentage point. Will mortgage rates fall by as much?
newamericanfunding.com
Mortgage rates may not come down to correspond with the U.S. Federal Reserve's interest rate cut as many homebuyers had hoped.
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#Austin, TX saw steep increases in home prices during the pandemic. But they say what goes up, must eventually come down. Here are the neighborhoods where home prices have fallen the most: https://t.co/4w2L53GBBv
#AustinTx #RealEstate #housingmarket #housing
realtor.com
Home prices have been falling in the Austin, TX, area since the COVID-19 peak. These are the five neighborhoods that experienced the largest declines.
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What home buyers and sellers should expect in this year's spring housing market: https://t.co/PbfePKwdb2
#springhousingmarket #housing #realestate #homebuyers #homeselling
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Did you know that more Americans want to install bunkers and safe rooms as the presidential election approaches? Here's what I found out:
realtor.com
With the U.S. presidential election looming, more people are reaching out to bunker and safe room companies.
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As the spring housing market kicks off, should buyers expect mortgage rates to shoot back up above 7%? They should be prepared as higher-than-expected inflation could keep rates higher for longer—even pushing them up. https://t.co/SEmJqAvrAW
#mortgagerates #RealEstate
realtor.com
Inflation ticked up in February by 3.2% year over year—making it the third month in a row it has crept up.
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Mortgage rates are inching dangerously close to 7% just as the spring home buying season is about to kick off. They averaged 6.94% in the last week, says @FreddieMac.
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Would a recession make it easier to buy a home? That depends... https://t.co/bkXH3RFJnx
#housingmarket #realestate #recession
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Mortgage rates ticked up to 6.77%, says @FreddieMac. "The economy has been performing well so far this year and rates may stay higher for longer, potentially slowing the spring homebuying season," Freddie Mac's Chief Economist @TheSamKhater said in a statement.
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The latest inflation report isn't good news for home buyers worried about the lack of affordability in the housing market. But they shouldn't lose hope as mortgage rates are expected to continue coming down this year.
realtor.com
The Federal Reserve is likely to wait a little longer before cutting interest rates. That could result in higher mortgage rates.
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There is a lot going on in 2024—and we're not even two months into the new year. What everything from a presidential election to wars abroad could mean for the U.S. housing market:
realtor.com
This year is jam-packed with a variety of challenges that could affect the U.S. housing market—and 2024 has barely begun.
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Mortgage rates remained steady, averaging 6.64% this week, says @FreddieMac. That's lower than @mortgagenewsmnd reported. They briefly rose above 7% this week before ticking back down, says the outlet.
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As someone who has watched "Groundhog Day" too many times over the years, this was a fun story to write about #Punxsutawney. Home prices in the small, Pennsylvania town have skyrocketed over the last few years for this reason:
realtor.com
Home prices in the groundhog's hometown have more than doubled over the past four years, at least partly due to a lack of properties for sale.
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Mortgage rates slipped this week, averaging 6.63% for 30-year, fixed-rate loans, says @FreddieMac.
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Can the middle-class still afford homeownership? The answer is increasingly no, whether it be a first home or a trade-up purchase: https://t.co/IhOd6nfq0u
#RealEstate #housing #housingmarket
realtor.com
Can the middle class still buy a home, or is this part of the American dream now reserved for those in higher tax brackets?
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It's quite an achievement to purchase your first home, especially in this tough housing market. Here's a short survival guide with a few tips on what to do now: https://t.co/sehOnfgPQd
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