According to a new study, single women are now the 2nd biggest group of home buyers – think Annie Lennox, not Beyoncé …Furthermore, 2016 research from MGIC Connects shows single women representing the second-largest home-buying group, right behind married couples. This is even more impressive when you consider wage inequality, which is still a country-wide issue. In 2015, women made only 80 cents for every dollar earned by men working a comparable job-a gender wage gap of a shocking 20 percent.
So, women are kicking butt in the housing market. But who are these ladies? According to NAR’s 2015 Profile of Buyers and Sellers report, the median age of the single female buyer is 32 years old, and their median income is $49,000. But it’s not just 30-something ladies purchasing their homes solo, but baby boomers, divorced and out on their own, or downsizing from a family home they no longer need.
What’s in store for the future of female-owned housing? When you consider the consistent rise in the educated woman (meaning higher-paying jobs and more opportunities), well, things are looking pretty peachy.
Source: By Zoe Eisenberg, RISMedia