Single Women Make Up 2nd Largest Home Buying Group
byThe KCM CrewonJune 8, 2016inFirst Time Homebuyers,For Buyers,Move-Up Buyers
According to theNational Association of Realtors’ (NAR)2015 Profile of Home Buyers and Sellers, single women made up 18% of all first-time homebuyers last year, second only to married couples who made up 54% of total buyers.
Whether they are young, single and no longer want to rent, or newly divorced, the amount of single women becoming homeowners greatly outnumbers single males (11%). Asurvey of recent home buyersrevealed some interesting trends about this rapidly growing group:
Average Age: 32 years old
Average Income: $49,400
Single women are more likely to become preapproved for a mortgage in order to know their budget at the beginning of the home buying process and to be able to make a move if they find their dream home.
Many female homebuyers think long-term when considering buying a home, often considering what amenities they may need in the near future.
“So what do women like best about homeownership? They believe that they are investing in their future by building equity and financial security. They are also very happy to no longer be paying their landlord’s mortgage payment. Being independent and having control over their environment is a key factor.”
It appears that it is not marriage before mortgage any longer, for either gender. As we reportedyesterday, unmarried couples make up 13% of buyers, while single males account for 11%.
If owning a home of your own has always been your dream, meet with a local real estate professional who can help determine if your dream can become a reality sooner than you think.
Author:Victor DeFrisco Phone: 561-951-3759 Dated: June 8th 2016 Views: 191 About Victor: ...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
Home Flips Plunge as Distressed Inventory Dries Up Share Sep
"Tue, May 17, 2016
Just wanted to take a moment to recommend an outstanding real estate agent. About a year ago my wife and I looked into buying a new house. We looked at exit realty's website and the next morning we received a call from Joseph Schneider. He is a true professional with an outstanding personality he will instantly make you feel welcome as if you're working with a longtime friend. My wife had unusual requests for the property and Joseph listened and found the property meeting all our needs. He is patient and knowledgeable I would recommend him to all. We purchased our new home in August and since then Joseph has remained in contact, just checking in from time to time. You can look but I doubt you will find a better agent !"