Single Ladies are Buying Houses at Twice the Pace of Single Men

By
Real Estate Agent with Utah Homes 9334967-SA00

It's not all doom and gloom in the gender gap wars.

Single women are buying homes at twice the pace of single men.

This according to the Washington Post 

Why is that? It's not just one thing. Among the reasons given:

  • They see the purchase as an investment.
  • They're concerned with rising rents.
  • For those in their 40's and up- they're tired of apartment living.

 

Let's talk about the pay gap. Any of us could find all sorts of statistics that show women are still making less than men, even in cases where the job is very similar. Owning a home (versus renting) can be a way to help stretch the dollars by putting money into one's mortgage, rather than paying for someone else's. Also, tax deductions are harder to come by these days.

For those who wish to switch from being a home renter to becoming a home buyer, I have ways to help you. There are first-time homebuyer programs available that require no money down. (Not a misprint).

OK, Utah... Single ladies? Single Men? First-time homebuyers? Let's talk. It's a great time to buy.

---

Chuck Willman
chuck@utahhomes.me

 

Photo by Edu Lauton on Unsplash

Comments (7)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

A few young men I know say they would by a home but if and when they got married and the new lady of the house did not like it, they could have to spend a lot of money to sell the home.

May 30, 2018 01:43 PM
Chuck Willman UtahHomes.me

I heard this same explanation for a single guy I talked to last week.

May 30, 2018 04:09 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I've had a number of single women buyers who want that nesting experience; the single men seem to feel that much less strongly.

May 30, 2018 03:43 PM
Chuck Willman UtahHomes.me

I'm noticing the same trend here as well.

May 30, 2018 10:26 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Chuck it is true, but your source could have been questionable when you say Washington Post we double check with facts...., luckily they copied the actual data that is being collected by the various Real Estate Portals:)Endre

May 30, 2018 10:12 PM
Chuck Willman UtahHomes.me

Thanks, Endre for the comment but I'm not sure what you're communicating here. I included the hyperlink to the Washington Post article which reveals the data source upon which the article was based. I figured it's helpful for people to go to the source- especially when the findings seem to go contrary to expectations.

May 30, 2018 10:25 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Chuck, this is intersting and single women with a home is better for us because then they won't want to move in right away when they fall in love!

Please stop by my latest post about reaching out to ActiveRain members that are following me at the AR network, your name showed up #234 on my list ;o) 

 

Please not: The number order has nothing to do with who's my favorite, I am going from the first page of followers and I am on page 68 and there approx 12 members per page.

Jun 03, 2018 09:31 AM
Chuck Willman UtahHomes.me

Robert Vegas Bob Swetz - Thanks for the comment and haha... yes. It may make things less complicated. Backstory- I have four sisters, five daughters and four granddaughters. There are only a few guys in the mix; we males are vastly outnumbered. I have noticed though that women tend to be better at isolating home needs and determining the essentials... this is just my experience. It's helpful to look for home buying data and determine what statistics such as these mean... and then determine how this data can help us be better at catering to our clients of either gender.


Side note: It's a very interesting approach to your use of ActiveRain that you are applying here. I silently follow so many people because I appreciate their insight. It's very cool that you're making an effort to bring the personal connection to all this. I hope to be able to try this out.

Jun 03, 2018 11:23 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Chuck,

Thanks for your reply to my comment and it makes sense to me. 

I had a close friend and his son went to college in Cedar City for 4 years. I spent a lot of time going back and forth for Cedar to Vegas and did notice quite a few ladies where ever we went. Why do you think that is? Could it be something in the water? Also in Asia females seem to out number males and I find this quite odd.

Jun 06, 2018 07:07 AM
Chuck Willman UtahHomes.me

Robert Vegas Bob Swetz - hmmm, In Utah, it means the guys may have been home playing video games? (though I have no scientific proof of this.)

Jun 06, 2018 09:46 AM
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  It applies to my office - my last 3 sales were to single women!     

Jun 09, 2018 12:59 PM
Chuck Willman UtahHomes.me

Fred Griffin - I hadn't noticed a trend like this until about a year ago. I wonder if it's a new normal?

Jun 09, 2018 01:42 PM
Jill Watts
Realty Pro, Inc. - Vancouver, WA
A Luxury Experience at Every Price Point!

Chuck, great blog post about single women buying more homes these days.  Entertaining too. Somehow I seem to get a lot of nurses as clients, married and single.  They are all very independent, strong on details. 

Jul 15, 2018 09:59 PM
Chuck Willman UtahHomes.me

Isn't it great? I love seeing people make wise decisions; the "strong on details" part goes a long way in home purchasing.

Jul 16, 2018 07:40 AM

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