Single Women Home Buyers Finding A Place Of Their Own
| Single women now represent the fasting growing component of home buyers in the United States. According to the National Association of Realtors single women were responsible for buying approximately one out of five homes purchased in the country - a total of 1.7 million homes - and that was in 2003. The same study found that single women were much more likely to own their own homes by a margin of 56 percent to 47 percent over single men. A Harvard University study noted that single women accounted for 30 percent of total homeowner growth between 1994 and 2002. |
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There are a lot of factors that have contributed to this growth in women buying and owning homes. Increased wages have boosted female homeownership as the gender gap in pay continues to slowly narrow. Another major factor is the increased availability of financing for women. Not so many years ago a woman seeking to buy a house faced formidable obstacles to obtaining a mortgage - or any kind of credit for that matter. Young women in today’s workforce would be appalled at stories their mothers, if they were at all financially proactive, could tell about trying to even obtain a charge account from Filenes or Sears as late as the 1970s.
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