Guess what? The number of my buyers that are single women just keeps growing. Last week, while gathering stats from the year just ended (I’m a Real Estate agent in Frederick ) I couldn’t help but notice the number of women buyers. I decided to delve into this further and checked with the National Association of Realtors. Sure enough, they are reporting that even with the major decline in the number of home sales, the percentage of single women buying homes has remained significant and steady. Add to that the fact that for the last three months, my 1st Time Homebuyer Meetups have been attended almost exclusively by women and you have a local and national trend that puts a smile on my face.
It’s all in the numbers
It seems that each generation of women takes another whack at whatever "Glass Ceiling" stands in their way. In the 1970s and 1980s, increasing numbers of women sought college degrees and found their place in the workforce. In the 1990s, they pursued equal treatment on the job, then earned respect and a bigger pay check. Today, they balance their check books, watch their credit scores and .... buy real estate!
It probably comes as no surprise that sixty-one percent of home buyers are married couples but would you have guessed that single women account for the largest category of buyers? According to a recent report from the National Association of Realtors, a full 20% of all home buyers are single women. And the percentage of buyers that are single men? Just 10%. This new trend reverses the traditional pattern, in which women wait for a wedding ring before taking that first big step into the housing market. And, just how far have we come, baby???? As recently as 1981 (well, I think that’s recent - yes, I’m dating myself here) the number of single women and single men home buyers was virtually the same.
A Place to Call Home
2009 and beyond
The rise of single-women home buyers is a trend that I expect will continue. With prices dropping back to levels not seen since the 90's and the President’s new stimulus plan with an $8,000 Tax credit (which most 1st time buyers will qualify for), the coming year is bound to bring even more women into the market. For single women, the news just keeps getting better!
Feel free to call me at 240-674-1147. Visit my webpage to search for homes or register for the monthly 1st-Time Homebuyer Meetups: explorefrederickhomes.com
Watch for my future articles on Down Payment Assistance Programs and the new Tax Credit.
Let’s face it, we (women) like a little comfort. Something that makes us feel like it’s all worth it at the end of the day. The hot cup of cocoa on a cold night or the bubble bath on a lazy Saturday morning still feels good, but coming home to your OWN home? Well, that’s better than a cup of cocoa while IN the bathtub with several pairs of Manolo Blahniks lined up in your closet. There’s no better way to feel empowered - I guess this is the new Feminism!