I am working with two single ladies right now - one is selling (we just got a great offer on her condo and are opening escrow on Monday!) and one is buying. Working with them both has been fun and it got me wondering what the statistics look like when it comes to single women and home buying.
What I found is interesting.
According to the National Association of Realtor's annual profile of home buyers and sellers, "As in year's past, married couples once again made up the largest share of buyers (66 percent) and had the highest income ($99,200). However, the survey revealed that single women made up more of the buyer pie than in recent years (based on household composition). After falling to 15 percent of buyers a year ago, which tied the lowest share since 2002, single females represented 17 percent of total purchases (highest since 2011 at 18 percent)."
This is particularly interesting since single women have lower average income ($55,300) than single male buyers ($69,600), yet female buyers were over double the amount of male buyers (seven percent), according to the Association's Chief Economist Lawrence Yun. He continued, "Single women for years have indicated a strong desire to own a home of their own, as well as an inclination to live closer to friends and family. With job growth holding steady and credit conditions becoming somewhat less stringent than in past years, the willingness and opportunity to buy is becoming more feasible for many single women."
