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A quick overview of the new female home buyer

May 29, 2018

It used to be that home buyers were male, couples or families. However, the face of the 2018 buyer has changed quite a bit, with a trend towards more women becoming home owners. 

 

According to recent research by Veritas Urbis Economics, "The share of U.S. home buyers comprised of women has increased to 46.4% in 2017 from just 18.9% in 1981." Here is a quick overview of the stats behind the new female home buyer.

 

The Buying Stats

There is an increasing improvement to the status and education of women in the U.S. including:

  • Women with a bachelor’s degree or higher rose to 25.1% in 2017 from 11.1% in 1981.

  • The share of women at work increased to 42.5% in 2017 from 35.3%. in 1981.

  • Households headed by females increased 76% for women living alone and 72.1% with partners.

  • The share of females among all home buyers increased 144.8% for those living alone and 108% for those with partners.

 

Why are they Buying?

According to the 2016 Home Shopper & Buyer Insights Study by Builders Digital Experience there are five main reasons women are choosing to buy their own home including:

  • 30 percent wanted to own their own place 

  • 10 percent of these women were also looking for a bigger home than the one they were renting

  • 23 percent found home prices favorable in their area

  • 20 percent found interest rates favorable

  • 18 percent had experienced a recent increase in income

  • Other reasons women are making the move to buy include wanting to live in a safer neighborhood, or be closer to family and friends

 

Read the entire report The Changing Face of the U.S. Home Buyer.

 

 

 

 

 

 

 

 

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