Men Versus Women: Who Buys More Homes?

With the first-time home buyer tax credit extension, buyers are rushing back into the market.  Single-family homes are being bought up all over the country, but who’s buying them?

Well, contrary to popular belief, families and couples are not the only people buying a home.  In fact, many singles are buying up homes now just because it’s the best time to invest in a home.  So the question becomes, who’s buying more: men or women?

According to the Joint Center for Housing Studies, twice as many single women are buying homes than single men.  This could be due to a cultural influence that women are supposed to “nest”, but regardless of the reason, there is definitely a statistical difference.  These women also go against the Devil Wears Prada stereotype of a professional female executive who can afford anything. Instead we see a full range of women who are divorced, never married, with children, and without children.  They also work in professions from state workers, to nurses and morticians.

More stats that came from this study include the fact that single women make up over a third of the growth in real estate ownership.  Over one fifth of the housing market is also owned by single women.  These facts are significant when you consider women make 11% less than their male counterpart with the same education and experience.  You can check out that article here.

So why are women buying more houses than men?

Well according to this article, some of the listed reasons include a stronger desire to own their home, space issues, and to relocate closer to a job, school, or family.

Regardless of why women are more drawn to home buying, one thing is for sure – you don’t need to a family or even be in a relationship to have the dream home you want.  So don’t hesitate about buying a home because you’re single, and start looking before the tax credit runs out!

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Did Men Versus Women: Who Buys More Homes? Deliver on the Promise?
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