Single Women Make Up 2nd Largest Home Buying Group

Dated: 06/08/2016

Views: 184

Single Women Make Up 2nd Largest Home Buying Group | MyKCM


According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of all first-time homebuyers last year, second only to married couples who made up 54% of total buyers.


Whether they are young, single and no longer want to rent, or newly divorced, the amount of single women becoming homeowners greatly outnumbers single males (11%). A survey of recent home buyers revealed some interesting trends about this rapidly growing group:


  • Average Age: 32 years old

  • Average Income: $49,400

  • Single women are more likely to become preapproved for a mortgage in order to know their budget at the beginning of the home buying process and to be able to make a move if they find their dream home.

  • Many female homebuyers think long-term when considering buying a home, often considering what amenities they may need in the near future.


So what do women like best about homeownership? They believe that they are investing in their future by building equity and financial security. They are also very happy to no longer be paying their landlord’s mortgage payment. Being independent and having control over their environment is a key factor.”


It appears that it is not marriage before mortgage any longer, for either gender. Unmarried couples make up 13% of buyers, while single males account for 11%.


Bottom Line


If owning a home of your own has always been your dream, let’s get together to determine if your dream could become a reality sooner than you think. The Lisa Birdsong Group specializes in North Texas, focusing on Collin County, Denton County, Dallas County and Tarrant County. We strive to make every home buying experience special for our clients. Contact us today!

Blog author image

Lisa Birdsong

Top 1% of Texas Real Estate Teams; McSam Realtor of the Year, 2016; Certified Residential Specialist, CRS D Best Realtor, 2016, 2017 Castle Hills Realtor Advisory Board, 2016; Windsong Ranch Real....

Latest Blog Posts

How To Buy A Home With Zero Money Down

No down payment? We have a list of homes in Dallas-Fort Worth area that qualify for 100% financing through USDA program. The criteria is specific, but we have lenders to help you determine

Read More

Lease To Own The Home Of Your Choice

The path to home ownership is easier than you think. There are numerous loans available to assist you, but if those don't meet your needs then we have another option for you. And it's affordable.The

Read More

Housing Starts Tumble In July

Homebuilding in the U.S. took a downward turn in July as housing starts declined 4.8 percent, falling short of analyst expectations, the Commerce Department said on Wednesday. Year-over year,

Read More

506 Connemara Celina TX For Sale

POOL HOME ON SPECTACULAR CUL-DE-SAC LOT BACKING TO GREENBELT & CREEK!  See more pictures and information here:  https://goo.gl/ghcf6h Offered exclusively by Lisa Birdsong Group |

Read More