Though there are still disparages in income for women, single women actually purchase homes twice as much as single men. In 2017, single women comprised 18 percent of all home purchases, while single men accounted for only 7 percent, according to the National Association of REALTORS®. Behind married couples, single women purchase the greatest number of homes and this trend continues to increase.
According to Jessica Lautz, NAR’s director of demographic and behavioral insights, women tend to see home-buying as an investment and single women tend to pay more on their home purchase than single men—$185,000 compared to $175,000. This difference may be small, but women are buying homes at a much faster rate than men. This is why you may notice some sellers stage their home to appeal to a woman’s taste.
Rising rent prices also have an influence on the ratio of female to male homebuyers. Through a survey conducted by Builders Digital Experience, rising rent was the reason 23 percent of women bought a home. Compare this to the average buyer at 16 percent. The women surveyed claimed they would rather pay a mortgage than pay rent.
As prices continue to rise, it’s inevitable we’ll be seeing more single women buying houses this year hoping to beat a surge in interest rates. If you’re considering selling your home, remember, the largest pool of buyers are couples and, behind that, women...so know your audience!
Author:Liz Peters Phone: 949-683-5374 Dated: June 1st 2018 Views: 324 About Liz: An Orange County native and Team Manager of The Kurt Real Estate Group with a heavy background in bo...
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An Orange County native and Team Manager of The Kurt Real Estate Group with a heavy background in both
Marketing and Transaction Coordinating, Liz has handled it all - from listings to buyers, from the beginning stages to
the close of escrow and beyond. Coming from a digital marketing start-up in Los Angeles, Liz moved back to Orange
County to apply her keen sense of marketing knowledge to the real estate industry and it shows. Her experience in PR
and publishing provides a competitive edge to her clients and The Kurt Real Estate Group collectively.
Liz got into real estate because she saw an opportunity where she could be an asset in an industry lacking in marketing
innovation and provide a far superior service to both sellers and buyers. One thing Liz prides herself in, above all, is
customer service and the relationships she builds with each and every client. Just read the reviews. Liz strives to always
obtain the best for her clients and becoming a part of The Kurt Real Estate Group could not compliment this better.
With seven consecutive years of being featured in Orange Coast Magazine for customer service, this was the place
for her. Liz is passionate about helping people and her ability to connect with clients is unparalleled. In her spare time,
Liz enjoys hiking, skiing, and traveling. Having lived abroad in Portugal and London, Liz thoroughly enjoys culturally
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"Liz helped us recently with the purchase of a new house and the sale of our old one. She was exceptional throughout both transactions, always on top of things, clearly communicating progress, providing expert advice and support when needed. Liz has a very high real estate IQ and her unique approach to buy/sell strategy delivered results for us that far exceeded expectations. She also made
a potentially painful process, not only easy, but actually fun! We will definitely work with her again.