Single Women a Rising Force in the Housing Market

Single women now make up 20% of all buyers while single men account for only 12%. 

The Joint Center for Housing Studies says the three main reasons single women are purchasing homes are:

▪ They have a strong desire to nest (the top-ranked reason).
▪ They want to relocate closer to a job or family.
▪ They need more space.

In capturing this growing segment of female buyers, builders are reflecting more female tastes in the design of homes. For example, in new houses, builders are adding security features, gourmet kitchens, and maintenance-free yards to appeal more to the single woman buyer.

Housing experts say that single women are purchasing homes at various stages in their lives - some are new college grads and plan to one day get married while others may be divorced or just want to set up roots in their own place.

Source: "Singles Dive Into the Real Estate Market," SecondAct/MSN (July 12, 2011)

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Being a homeowner and a single woman, I really enjoy helping women find a house of their own no matter what the reason!  Women are savvy shoppers, but a Realtor with experience in the local market is a real plus.  Call or email me if you're shopping or if you know someone who may be considering buying a home of their own. I'd love to help.