If you missed Part 1, please read this to catch up to speed. : Top Trendsetters to watch in your upcoming markets...... Part 1 Baby Boomers & Echo Boomers .

single women

 

Many of us would think that the single women in today's society wouldn't be able to handle this type of transaction....buying their first home or a move-up home. You would be wrong. Single women now represent the fasting growing component of home buyers in the United States. According to the NAR (National Association of Realtors), single women represent 1 out of every 5 homes that are bought in today's market. And these are figures from 2003 and are gradually moving up in the stats columns. I personally have helped 7 single women alone this year in financing their new homes. I have 2 of them that are now investors also, so their focus is buying more homes.

 

 

women realtorsbuisness women

 There are many factors of why woman are becoming a large force and factor when it comes to buying homes. We can start with the number one contributing factor and that would be higher wages. Another major factor is that the financing options have made it easier for women. Not so many years ago a woman seeking to buy a house faced formidable obstacles to obtaining a mortgage - or any kind of credit for that matter. Some examples of how new programs have helped women nowdays are: A. Even if divorced and owned a house before, they can claim the first time homebuyer status that would give them those first time homebuyer options. B. They can also use child support as income.

women nurses

 policeThe other set of factors that have propelled women into the buying status are those that will buy a house as a second home or an investment property. More women are able to take care of themselves when it comes to being handy and able to fix things. They are viewing themselves less helpless and are also the type that would take care of a house much better than a man. They tend to clean more and if anything, would higher individuals to help maintain and or fix up the house.

Women are marrying later or not at all. Census Bureau figures peg the average marriage age of women at 26, six years older than the average in 1960. Sadly, the divorce rate, near 50 percent of all marriages, contributes to the number of women looking for homes of their own. And women live longer than men by 6 years, which means that they would need to downsize into a smaller home after their husbands death.

Summary: Overall, Single women today are motivated to achieve independent financial security and see home ownership as a way to get it. They are specific about what they are looking for in a home, are willing to spend the time looking for it, and are not afraid of home maintenance as a responsibility of home ownership. Women live longer, think about financial security in their retirement, and recognize the benefits that home ownership provides more so than ever before. And as stated above, a key responsibility of home ownership is home maintenance, a responsibility that both single and married women have demonstrated an increasing willingness and ability to undertake in recent years.

Groups for women & buying: Single Women Home Buyers Meetup Group (New York, NY) - Meetup.com

Imago Creative : Building Brand Relationships with Women

Single women home buyers: The growing national market

 

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42 Comments on Top Trendsetters to watch in your upcoming markets…… Part 2 of 3. Single Women

20 Most Recent Comments Displayed Show All

NOV
19
2006
45 Featured Posts Outside Blog

Did this dawn on you while searching the personal/classifieds/adult friend finder websites?  Brilliant way to multi-task!  However, there is a fine line between solicitation and stalking..careful.

Sorry, it was tee'd up nice and pretty, I had to go there!   :) lol

 

Its just a joke...get over it! 

5:10pm • #23
335,089 Points 28 Featured Posts Outside Blog

since women are trained up all along to be shoppers, it only makes sense that it's a fast-growing segment of homeowners.  i think it just takes the confidence to go do it-just like it takes the confidence to do anything else by yourself that society hasn't always expected you to do.  and you know, it also helped me in 'interviewing' my husband when we were dating...he was marrying a self-employed business owner with her own home plus an investment...and being in for all that meant he would be a great partner on the ride!

6:43pm • #24
468,218 Points 66 Featured Posts Localism Sponsor Outside Blog Called Shot Master

My first sale was to a retired school principal widow (not good for your business) but she paid all ALL CASH. The majority of my buyers and sellers are woman, My firm is owned by a woman, my last broker was owned by a woman. The largest real estate company in New York founded by a woman, The # 2 company in NY owned by a woman and in my previous career the company I worked for was owned by a woman. By 2008 woman will have 55% of the electorate. Dare I suggest the possibility of a woman President. (I know your a Republican) 

BTW: Jeff I did a blog back on Trendsetters Part 1 today.

8:08pm • #25
111,189 Points 26 Featured Posts Localism Sponsor Outside Blog
Did I hear Woman President???????? :-)
10:00pm • #26
NOV
20
2006
227,693 Points 17 Featured Posts Outside Blog
Over the years, I've known many smart women (from their early 20's on up) who do very well for themselves financially... good jobs, great salaries.  There are more of them than many realize.
3:04am • #27
738,077 Points 231 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Robert.....  Ah, well, let the cracks continue.... lol   But you do bring up a good topic for discussion.

Dena..... lol   That's funny......  glad someone reads these comments. Sure, there are times when you can tell if they are single. Especially if they hang out in the store for hours.... lol

Mariana...... thanks for the input and giving us an idea what is in your market place....and for confirming these figures.

Jeff C........  first off, your sticking to others having fun with this. 2nd....why would I not get over it when there was nothing to get over....?? lol  But yes, I am well aware of those wbe sites. Some people think it's weird for others to even do these sites. But what about the busy, successful individual that doesn't have time and figures the bars aren't the best place.

Leigh..... thanks for the comment. And yes, life seems like an interview at times. And I agree about the shopping thing.

Mitchell...... well, I would have to take a stab at it and say that there are women realtors than men realtors. Women can accomplish anything that they put their mind to and I am a firm believer of that.

In regards to me being Republican and a woman being President. I actually have no problem with that... It goes back to the best qualified person. Besides.....this is a joke....  it couldn't get any worse....  lol   AGAIN..... JOKE... humor....

Carole......  go back to sleep... lol

Leanne...... please, show me the way. I would like to retire early.... lol  Kidding.... yes, I agree. And some men are intimidated by this...but some people need to get over it.

7:51am • #28
111,189 Points 26 Featured Posts Localism Sponsor Outside Blog
Let's see, ten years from now, Active Rainers who enjoy politics could be state advance people for a Presidential candidate from Ohio. hmmmm.  Taking two investor sisters out today Jeff so sometime this week MAYBE will blog about it with a blogback here. For the moment I'm blog weary!
10:58am • #29
468,218 Points 66 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Jeff:

I want to add a comment. This is a good topic because even though I have sold many apartments to woman and even with Fair Housing Laws there is still some predjudice and a double standard.

When they are buying 1 Bedroom apartments or even a 2 bedroom condo everything is fine.

However, I had a single woman client that wanted a classic 6 (which is a family apartment 2 bedrooms 2Baths w/formal dining room maids room and maids bath)

The seller and seller's agents many were woman would say "How many kids do you have? Where is your husband"?

She just wanted a big apartment.

 

2:09pm • #30
7 Featured Posts
Jeff- Great Blog !!
4:07pm • #31
738,077 Points 231 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Carol.... sounds good..... thanks for stopping by.

Mitchell.... this is a great point. Sellers shouldn't be too concerned who is buying, but that they are qualified. But I don't think this type of attitude will ever change. There will always be some sort of predjudice out there no matter what.

Lauren...... thanks for the great compliment and for stopping by.

4:57pm • #32
111,189 Points 26 Featured Posts Localism Sponsor Outside Blog

Mitchell, discrimination in any form can be subtle or not. Jeff would know better (than me anyway) about the history of mortgage lending, But certainly women had to really work hard to get laws changed starting in the seventies so that they could have separate credit from their husbands or any kind of earning power on their own.  It's changed a lot now though, no?

Interesting insight though; do you find this kind of comment is leftover perception or prejudice that does not affect them getting the places they want?

5:14pm • #33
623,713 Points 121 Featured Posts Outside Blog

Great responses to your blog Jeff.  You seem to have coined the process quite well!  Keep up the good work.

kk

9:40pm • #34
738,077 Points 231 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Carole.... some good input and points made....thanks.

Kristal....  thanks for the sincere and polite compliments.

10:20pm • #35
NOV
28
2006

Jeff, long time no see buddy!  You seem to have this site pretty much figured out!  I hope everything is well with you buddy. 

 

3:11pm • #36
DEC
03
2006
190,910 Points 7 Featured Posts Outside Blog
Jeff, another great one. I guess I have been on the odd track. Not only did I start my career out doing a significant amount of business with Hispanics, but also with single women. Even today this holds true. I have far more women investing in real estate than men. When a man is involved it is as a result of the women instigating the process.
9:36pm • #37
738,077 Points 231 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

William, thanks for another polite compliment. But you are reading this series backwards.... lol

In regards to the women clients, please share then.  ;o)  I am single. Besides, I enjoy talking business and figures with women. They seem to want to listen more at times.  And I am not knocking women...

9:40pm • #38
DEC
10
2006
Jeff,  There is some good stuff in here. I now have read the whole series and it was well done.
8:05pm • #39
738,077 Points 231 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Neil......   there are so many trendsetters to keep your eyes on....   just keeping up with the times is important.
8:24pm • #40
JUN
08
2007
490,984 Points Outside Blog Called Shot Master
I agree with your post. Three sales in April two were single women one single men.
1:41am • #41
738,077 Points 231 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Frank....  thanks. It's good to see more single people out there buying, especially single women. DId you check out the other 2 parts to this series?  Thanks for stopping by.
7:45am • #42

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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