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NEW YORK – Feb. 8, 2017 – Women, on average, earn less than their male counterparts, but single females buy homes at more than twice the rate of men.
In 2016, single women accounted for 17 percent of homebuyers in the last year compared to just 7 percent of single men, according to the National Association of Realtors® (NAR). The housing gender gap has existed for a while, but it continues to widen for a variety of reasons, according to Jessica Lautz, NAR’s managing director of survey research and communications.
For one, single women are more likely to be parenting on their own than single men; as such, they may be more likely to seek stable housing for their children. In 2011, there were 8.6 million single-mother households and only 2.6 million single-father households, according to the Pew Research Center.
“If you have children, it’s definitely going to play a role in where you’re thinking of living and how,” Lautz says. “And a mortgage can provide financial security. I think women, even with lower incomes, want a place where they can have roots and really own a place. The psychological desire to do that is great.”
And, despite cultural assumptions about women’s desire for marriage, single women without kids are more likely to be drawn to “singledom” lifestyles than men are, says Bella DePaulo, author of “Singled Out” and a professor at the University of California at Santa Barbara.
“Some research suggests that single women are especially unlikely to be lonely – again, contrary to our stereotypes,” DePaulo told Bloomberg. “Buying a home is a way of living your single life fully, rather than seeing your single years as just marking time until you find ‘the one.'”
The wage gap may still play a part in the house hunt, however. Single women tend to buy their first homes at an older age than men – 34 years old compared with 31, according to NAR research. They also tend to buy in a lower average price at a median $173,000 compared to $190,600.
Source: “Why Single Women Are Buying Homes at Twice the Rate of Single Men,” Bloomberg (Jan. 31, 2017)
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Are you a REALTOR who deals with international real estate and want to build “global” business skills? Then you need to attend this class!
Please join us on Thursday, February 2nd from 8:30 to noon.
You will learn from two international real estate experts on these subjects:
1. Opportunities for International Networking and Marketing Properties – Tami Simms, Coastal Property Group
* Understanding the importance of international buyers
* Resources for networking with international agents
* Where to market internationally
* How to market properties effectively to international buyers
2. Working with International Buyers and Sellers with a focus on the Asian market – Jiayin Liao, Bailey Glasser Law Firm
* Learn how to help Asians realize their dreams of a cross-border lifestyle
* Learn how to keep up with the latest information on both sides of the border and work together to determine the best course of action
* Become familiar with cross-border issues whether they are related to language, culture, law or just plain common sense.
1/87 SLIDES © Andy Dean/iStockphoto/Getty Images
How Much A Home Cost the Year You Were Born
Please join us for the 5th Annual Global Real Estate Symposium. This year’s speakers include Susan Poskus, CPA with Poskus Roberge, Jean Maday the National Association of Realtors Director of Commercial Real Estate and Don Gonzalez, Attorney.
Learn about tax issues and commercial impact on our local market. If you attend the Foreign Investment in Real Property for Immigration Purposes session, you will also earn 3 hours of CE CREDIT.
Sooooo…Spend the day with us learning & networking. Lunch, light appetizers, wine, beer & door prizes (must be present to win). Meet some of PRO’s Affiliate Business Partners as well. Sounds good, doesn’t it?
Please register on the Pinellas Realtor Organization’s website : http://pinellasrealtor.org/ under Upcoming Events or Education calendar, either will get you to registration.
We would love to see you there!!