There’s a rapidly rising rate of female homebuyers in the housing market. The National Association of REALTORs report that single women make up 17 percent of homebuyers in the U.S – compared to 7 percent of single men. That’s a huge difference!
More and more women are now in professions previously dominated by the men – engineers, lawyers, physicians – and, in many cases, start their own businesses. Ernst & Young reports that women are starting businesses at 1.5 times that rate of men. The income gap between men and women are quickly closing, increasing the buying power that these single women now control. And, more and more women are marrying later.
The increase in income leads to more confidence and independence. More women now wants to own their own home – a symbol of personal and financial stability. These women are changing the landscape of home ownership, impacting home designs, financing and location.