In the market for a new home? Did you know that single women are the newest rising homeowners? This article in USNews.com discusses this growing trend.
Single women may not have as much buying power as single men, but they aren’t letting that stop them from achieving homeownership. While a 2018 Zillow study indicates single women can only afford to purchase 39 percent of U.S. homes on the market, they are buying them at a rate that far exceeds that of single men, who are able to purchase more than half of the homes currently for sale.
Eighteen percent of homebuyers in 2017 were single women, according to the National Association of Realtors. Meanwhile, only 7 percent of single men bought a home last year. The association notes the percentage of homebuyers who are single women has risen for the last three years and is up from 11 percent in 1981.