I LOVE STATISTICS. Knowledge is power to make more informed decisions.
Even though women still make on average 83 cents to every dollar a male makes, it continues to increase, especially with the growing rate of college educations being earned by females.
And women are waiting longer to marry (if at all) & have kids. The Census Bureau reports that on average, women enter marriage at age 27 (2014), compared to 21.5 years in 1940.
These numbers are also slowly changing social and cultural norms of what is 'okay' behavior for a female too. Not as noticed at the change from dresses to pants, but the ownership of property is a bit more subtle. Up until 1850's, once a woman married, all property she had became her husbands....for some that meant choosing to not marry.
BUT this one is the kicker....it was not until 1974 that a women could apply for credit (AKA a mortgage) due to the Equal Credit Opportunity Act of 1974. As you can imagine, between 1850 and 1974, property was rarely purchased by a female.
The single female homebuyer is a NEW TARGET MARKET in the real estate business--both YOUNG & OLDER women. Only 7% of single males are choosing to buy a home (compared to 18% of women). The only noticeable difference in 'must haves' for women is a want for
Thanks to the student that shared one of these articles with me.
Hi, I am Summer, real estate agent in NE Iowa. This blog is about life, of which Real Estate is a part of. Happy reading!