Single Women Rise in Home Buying

In the current real estate landscape, an increasing number of single women are stepping into homeownership. Statistics from the National Association of Realtors (NAR) reveal that 19% of homebuyers are women without partners, contrasting with just 10% for single men.

For single women aiming to purchase their inaugural home, this should serve as an encouraging sign. It indicates that others are successfully turning their dreams into reality, suggesting that you can do the same.

The Significance of Homeownership for Women

For numerous unmarried women, purchasing a home extends beyond mere accommodation; it represents a savvy investment for the future. Typically, properties appreciate in value over time, making them a valuable avenue for accumulating equity and enhancing overall net worth. According to Ksenia Potapov, Economist at First American:

". . . unmarried women are progressively seeking homeownership and enjoying the wealth-building advantages it offers."

The financial stability and autonomy that homeownership offers have the potential to profoundly alter one's life. Moreover, when considering the personal reasons driving home purchases, this effect becomes even more evident.

The identical report from NAR highlights the primary motivations driving single women to purchase homes presently, revealing that not all reasons are strictly financial (refer to chart below):

If any of these rationales strike a chord with you, perhaps it's time for you to consider making a purchase as well.

Work with a Trusted Real Estate Agent

For single women aiming to purchase a home, it's entirely achievable, even within the current housing market landscape. Just ensure that you have a reliable real estate agent supporting you throughout the process.

Discuss your objectives and articulate why owning a home holds significant importance for you. This approach enables your agent to prioritize your key requirements as they assist you through the purchasing journey. They will assist you in locating the ideal home to meet your needs and will stand up for your interests during negotiations. Collaboratively, you can transform your homeownership aspirations into a tangible reality.

Bottom Line

Owning a home is a powerful step towards a secure and fulfilling future.  Single women, this is your moment!  Connect with a local real estate agent to turn your homeownership dreams into reality.