According to the National Association of Realtors (NAR), the biggest group among home buyers is married couples who account for 61 % of all home purchases made. A growing trend in the recent years is the increase in the percentage of homes bought by single women. As of 2007, single women account for 22 % of all home purchased, which is about 1 in every 5 homes. Single men lag behind when compared to single women accounting only for 9 % of homes purchased.
Single women bought more houses than single men by far. Maybe the trend to buy as a single person will grow (the men need to catch up!). I have a few friends who skipped the dorms in college and purchased homes that they could live in and rent out to other roommates. Their parents had to co-sign the loan, but after college they had some appreciation and could sell the house or keep renting it out to college students.
I found an inspiring story from NAR about a woman making it big in real estate when it was certainly a male dominated field. She built, bought, traded, and subdivided! Here is the story:
“In 1927 real estate was a profession dominated by men. One woman who dared to succeed was REALTOR® Grace Perego from San Francisco.
At NAREB's Twentieth Annual Convention in 1927 she had the distinction of addressing the delegates in Seattle. Perego stressed that women were not limited to success in residential real estate. "It is true that many women make their start in the real estate business selling homes because they seem naturally adapted to this line," she said, but added "the only continue in this field until they 'find' themselves and develop a broader knowledge of real estate, then they invade any branch they choose."
Perego began her career in 1913 building flats and apartments. During World War I she traded a building for a ranch, expanding into rural real estate.
In 1945 she subdivided land in the center of San Francisco that would be called Perego Heights. In the 1940s she broadcast a weekly radio show on home maintenance and interior decorating, and covered the same subjects in a column for the San Francisco Chronicle. She taught Apartment House Management in the University of California Extension Division and authored a book, "Apartment House Ownership and Management."
Twenty years after the Seattle Meeting Perego spoke to the Women's Council at NAREB's 1947 Convention in San Francisco. Her career would span six decades and over fifty years.”
She sounds like she had a vast amount of knowledge of the industry and many talents. I can't imagine the flak she probably had to take for being so ambitious in that time.
Buying a home or investing in real estate is not just for married couples! Start with a smaller house and occupy it, you can later sell or move to a bigger place if needed and keep the small place as a rental property. Or, consider a duplex where you can live in half and rent out the other half.
If you would like to explore your real estate options feel free to contact me at email@example.com