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Women, Business Loans, and Real Estate

By
Real Estate Agent with Keller Williams Preferred Realty

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.

 

Posted by

Raleigh Cary Apex Realtor Carla Freund Realty

Presented by:

Carla Freund of Ask Realtor Carla

Carla Freund Realty Team

Keller Williams Preferred Realty

By Carla Freund Realty Team

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Comments(9)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Carla - do I hear Helen Reddy playing in the background?   To me, it seems culture of many kinds comes to mind (and into reality) with the passage of time.  

May 28, 2024 08:11 AM
Carla Freund

That would be a good theme song for this post.

May 29, 2024 09:46 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Carla and what a great blog to share with us on this Tuesday here in the Rain.  Hope you had a great Holiday!

 

May 28, 2024 08:32 AM
Carla Freund

Thanks so much Will Hamm and congratulations on your recent achievement! 

May 29, 2024 09:45 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Carla,

So many changes and all that needed to be made to help women overcome so many obstacles. Now looking back..they have come a long way and I'm extremely grateful!

May 28, 2024 11:58 AM
Carla Freund

Me too! It is hard to believe how many obstacles women have had to overcome.

May 29, 2024 09:45 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Carla- what amazes me is that it wasn't that long ago!  Many women who came before us fought for what we have now. 

May 28, 2024 06:56 PM
Carla Freund

So true. I'm grateful for those who fought for the right to vote, get loans, etc.

May 29, 2024 09:44 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wow I had no idea in light of the fact that many successful women were in power way before that.... on a side note I am with  Kathy Streib 

May 28, 2024 10:06 PM
Carla Freund

It makes you think about what your mother or grandmother went through.

May 29, 2024 09:43 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It seems crazy to me that everyone hasn't just been treated the same from the beginning of time, but history tells us how difficult it has been for everyone to attain the same rights.

May 29, 2024 05:05 AM
Carla Freund

Right?!! It's hard to understand. I'm not anti men or anyone for that matter but I do believe people should be treated equal. 

May 29, 2024 09:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hello Carla... as that old commercial went "You've come a long way baby!" That being said, I'm afraid that most young women today take a lot for granted and have little knowledge of what it was like for women in the 50's, 60's, 70's, etc. and how hard they (we) fought for rights and opportunities.

May 29, 2024 07:52 AM
Carla Freund

Exactly! One reason that I vote is "Because I can"!

May 29, 2024 09:41 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Jun 01, 2024 08:14 PM
Carla Freund

Thank you so much for the feature Kathy Streib!

Jun 05, 2024 07:58 AM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Before real estate, I spent 25 years in retail banking. I certainly remember the days when a women had little chance of getting a loan in her name only. Women did not have credit scores, or credit histories.

Jun 06, 2024 06:31 PM
Carla Freund

It's crazy to think that was in our lifetime. 

Jun 07, 2024 07:31 AM