How does history affect women in business and Real Estate?
I saw a story on Instagram the other day and it really left me thinking about how far women have come in my lifetime.
The story was by Spanx CEO and founder Sara Blakely. She mentioned that it wasn't until 1988 that a woman could get a business loan. I looked that up and she is right. Isn't that mind blowing?
For some of us, that was just yesterday!
Recently, I had clients purchase a new construction home. The builder was a woman. The interesting thing was, the two new construction homes they viewed prior to this one were built by women builders. What are the odds?
In 2017 only 9% of the construction workforce were women and in North Carolina, it was only 4%. According to the National Homebuilders Association, it is up to 11% nationally as of 2022.
According to Lendio, women account for just under 1/3 of business loans.
Here are some other stats Lendio mentions.
How many women-owned businesses are there in the U.S.?
- Women are now majority owners in at least 35 percent of U.S. employer firms.
- In total, women own 13.8 million businesses employing 10 million workers and generating $3.9 trillion in revenue across the U.S.
- Women own 28.6% of employer firms with a revenue of $1 million or more.
- Of the 2 million employer firms owned by women in the U.S., 24% are owned by minorities.
- 3.6% of women-owned employer firms are owned by Black or African American women.
- 13% of women-owned employer firms are owned by Asian women.
- .8% of women-owned employer firms are owned by Native American or Alaskan native women.
Several months ago my mom mentioned how difficult it was to get a mortgage when I was young because the bank wanted her to have a husband sign with her. At the time, she had just gotten divorced. She had to fight for her mortgage which she did get.
According to the Pew Research, 58% of homes owned by unmarried US citizens were women compared to 42% being men.
As a women, business owner and the mother of a daughter, I'm thankful for these changes. I hope today's young women doesn't take these opportunities for granted.
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