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Single Females Continue to be Second Largest Homebuying Group

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Single females continue to be the second largest homebuying group in the U.S., based on annual studies of homebuying trends in the U.S. by the National Association of Realtors (NAR). Since the 1990s, single women have surpassed their male counterparts in home ownership.

homebuying-women

 

In 2015, out of all homebuyers, 15% were single females, six percentage points more than single males and eight percentage points more than unmarried couples.

Among age groups, single female buyers have the biggest share in the 51-to-60 age group, as seen in this table:

All ages:

Married couples 67%
Single Females 15%
Single Males 9%
Unmarried Couples 7%
Others 2%

35 and younger:

Married couples 64%
Single Females 13%
Single Males 10%
Unmarried Couples 12%
Others 1%

36 to 50

Married couples 71%
Single Females 13%
Single Males 8%
Unmarried Couples 6%
Others 2%

51 to 60

Married couples 63%
Single Females 20%
Single Males 10%
Unmarried Couples 5%
Others 2%

61 to 69

Married couples 68%
Single Females 19%
Single Males 9%
Unmarried Couples 3%
Others 3%

70 to 90

Married couples 67%
Single Females 17%
Single Males 9%
Unmarried Couples 3%
Others 5%

It was among buyers 35 and younger that the share of single male buyers got close to that of single female buyers. They differed by only 3 percentage points.
Reasons for the Continued Growth in Number of Female Homebuyers

1. Rise in income

More and more women are getting into higher-paying jobs, enabling them to consider owning over renting.

2. Recognition of home ownership as a wise investment strategy

Women have realized they don’t need to wait until they’re married before buying a home. As they gain more power over their finances and more knowledge about financial management, they’ve come to see income opportunities in residential real estate investment.

3. Increase in number of single women

The growing number of women delaying marriage and the increasing divorce rate have led to a growing number of single women.

4. Growth in number of single mothers

Based on U.S. Census Bureau data for the year 2014, more than 80% of about 12 million single parent families in the U.S. were headed by single mothers.

5. Biological tendency of women to make the nest

It’s been a popular statement that women are natural care givers and they’re better in caregiving than men. A woman buys a home to provide a better shelter for her offspring. According to studies on birds, in most species, the female does most or all of the building of the nest for her offspring.

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Post Tagged with Continue, Females, Group, Homebuying, Largest, Second, Single

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Recent Posts

  • Irene Sandiego, Tampa4u Realtor — Past Home Sales
  • Compare the 4 Most Popular Low-Down-Payment Home Loans
  • It’s March! The Best Month for Tampa Home Sellers to List
  • Builders Fulfill Homebuyers’ Desire for Large Open-Floor-Plan Homes
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