In an effort to continue to provide the highest quality real estate services to our clients, The Gebhardt Group has started a new division that focuses on women as homeowners and property owners.
According to the National Association of REALTORS®, "Single women represent 20 percent of buyers, up 50 percent during the past eight years. That's an amazing statistic! The NAR® goes on to say that "single women, represent the future of real estate sales."
Here are some other interesting statistics about women and homeownership, according to the NAR®:
- The single female segment of the homebuyer population accounted for 18% of all homebuyers in 2004.
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Single women purchased approximately one in five homes in 2003, while more than one in ten were purchased by single men.
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More women (15.5 million) than men (11.8 million) lived alone. Among these, women were more likely than men to own their homes (56% vs. 47%).
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About one-quarter of the nation's nearly eight million single mothers spend more than half of their incomes on housing, compared with one-tenth of households headed by single fathers.
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Over the time period of 1994-2002, the number of unmarried females owning homes climbed from 13.9 million to 17.5 million.
But WHETHER YOU ARE MARRIED OR SINGLE, buying a home is one of the best long-term investments you can make. The money you pay monthly in rent could be much better spent by paying it toward a mortgage, with which you are basically investing in yourself and in your home's equity. Additionally, you can take that one step further and begin to explore the possibility of owning investment properties, such as rental properties or a second home.
We invite you to visit the S.S.W.O.R.E. (Smart, Successful Women Own Real Estate) website -- we'll be posting articles that are relevant and pertinent to women as home buyers and homeowners, as well as book reviews, information on credit and how it affects your mortgage worthiness, and more!
Subscribe to The Gebhardt Group's Real Estate blog today!
Maura Gebhardt, ABR®
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097
direct: (770) 751-5895
main: (770) 291-0100
email: info@GebhardtGroup.com
website: http://www.GebhardtGroup.com/
blog: http://www.NorthAtlantaRealtyBlog.com/
Also visit us at: http://www.SmartSuccessfulWomen.com
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Hi girls...
Good post in that I have had several young women (single) purchase their first homes in the past 12 months. Thus, I can attest to the validity of this trend.