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Thursday, December 16, 2021

1 in 5 Buyers Single Women – Twice the Percentage of Men

 Single men and women buy homes for the same reason – a desire for ownership – but while 19% of all homebuyers are female, only 9% are men.

CHICAGO – According to the National Association of Realtors® (NAR), when it comes to homebuyers, the percentage of single women is second only to married couples.

Currently, single women make up 19% of the home-buying market, while less than half that percentage (9%) are single men, and married couples make up 60%.

Single women and men generally agree on their reasons to buy – a high desire to own a home of their own – even though women outnumber men by about a 2-1 ratio. However, their home selection can vary, and the number of women who purchase a home to be near friends and family is double that of men.

Single women buyers are also more likely to purchase a home if they have a child under the age of 18, and they’re more likely to purchase a multigenerational home to accommodate adult siblings, adult children and grandparents: 17% of single women buyers have kids under the age of 18 who live with them, and 13% live in a multigenerational home, according to NAR’s Profile of Home Buyers and Sellers.

Source: Realtor Magazine (12/10/21)

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