103 Stanley Avenue

Andalusia, AL 36420

+1 (334) 923-1306

Our team is standing by!

Mon - Fri: 9:00 - 5:00

+ Appointments available

Blog | Clark Real Estate Group

Articles Containing Relevant Information Including Tips Infographics Concerning Buying Myths For Sellers About Distressed Properties Explaining Down Payments First Time Home Buyers Detailing Foreclosures About Housing Market Updates Regarding Interest Rates Covering News Explaining Pricing Concerning Selling Myths For Buyers

How Homeownership Is Life Changing for Many Women

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households.

Why Is Homeownership So Important to Women?

The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal.

On the financial side, housing proves to be the key to building wealth for single women. Ksenia Potapov, Economist at First American, says:

“For single women, housing has always made up a large share of total assets. Over the last 30 years, the average single woman’s wealth has increased 88% on an inflation-adjusted basis, from just over $142,000 in 1989 to $267,000 in 2019, and housing has remained the single largest component of their wealth.”

The financial security and independence homeownership provides can be life changing, too. And when you factor in the personal motivations behind buying a home, that impact becomes even clearer.

A recent report from the National Association of Realtors (NAR) shares the top reasons single women are buying a home right now (see chart below):

Share this Post

Facebook
Twitter
LinkedIn
Pinterest
Reddit
Email
Print

Related Articles ...