ALL MY SINGLE LADIES

Dated: 05/25/2020

Views: 568

Single Women Make Up 2nd Largest Home Buying Group | Simplifying The Market

Single Women Make Up 2nd Largest Home Buying Group 

According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of all first-time homebuyers last year, second only to married couples who made up 54% of total buyers.

Whether they are young, single and no longer want to rent, or newly divorced, the amount of single women becoming homeowners greatly outnumbers single males (11%). A survey of recent home buyers revealed some interesting trends about this rapidly growing group:

  • Average Age: 32 years old

  • Average Income: $49,400

  • Single women are more likely to become preapproved for a mortgage in order to know their budget at the beginning of the home buying process and to be able to make a move if they find their dream home.

  • Many female homebuyers think long-term when considering buying a home, often considering what amenities they may need in the near future.

“So what do women like best about homeownership? They believe that they are investing in their future by building equity and financial security. They are also very happy to no longer be paying their landlord’s mortgage payment. Being independent and having control over their environment is a key factor.”

It appears that it is not marriage before mortgage any longer, for either gender. As we reported yesterday, unmarried couples make up 13% of buyers, while single males account for 11%.

Bottom Line

If owning a home of your own in Hampton Roads has always been your dream, let Abrams Realty help determine if your dream could become a reality sooner than you think.

Latest Blog Posts

Anthony's quick tips to home selling

Think of the business aspect of selling your home.Hire a Real Estate Agent.  Professional selling leads to professional results.Prepare your home for the sale.  Make your home look clean,

Read More

ALL MY SINGLE LADIES

Single Women Make Up 2nd Largest Home Buying Group According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of

Read More

Don't Disqualify Yourself Here At Abrams We Can Help Push You In The Right Direction

Don’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750The results of countless studies have shown that potential home buyers, and even current,

Read More

Looking For A Home What You Want Vs What You NEED

Starting to Look for a Home? Know What You WANT vs. What You NEEDIn this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when

Read More