Single Women Are Snapping Up Homes

Single Women Are Snapping Up Homes

This post originally appeared on The Jane Dough.

According to the National Association of Realtors’ 2012 Profile of Home Buyers and Sellers, single women make up 18% of homeowners, compared to only 10% of single men. The report notes that single women have been buying homes at almost twice the rate of single men since the mid-1990s.

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There are several possible reasons for this large discrepancy. Childless, single women are actually on track to outearn their male counterparts in many metro areas, allowing greater numbers of women in this demographic to make major purchases such as property. The population of single women with children has also been increasing over the years, and those types of families would probably seek out more living space than an apartment rental could provide.

A blog post by Redfin reveals that women buying a home are more focused on immediate emotional response: 46% of women first evaluate a home based on whether they love it or not, compared to 24% of men. 54% of women and 76% of men evaluate a property based on cost and value.

Although women are more fixated on the “love” factor, they’re not opposed to taking on a fixer-uper in order to have their “dream home,” according to Karen Krupsaw, Vice President of Real Estate Operations at Redfin.

“[Single women] are a very discriminating buyer,” she told the New York Daily News. “I don’t think they’re unrealistic. They can see beyond the way [a property] may show as well as how they can fix it up and how it can be a dream home.”

We’re glad that all the single ladies are eager to purchase homes solo, as the rental market is grim and it might make more financial sense to do so anyway. As women start joining the workforce with higher degrees of education in greater numbers than ever before, we’re psyched to see them wield their purchasing power and take the plunge.

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