Wednesday, June 19, 2024 / by Barb Fessenbecker
Celebrating Solo: Single Women Making Their Mark in Homeownership
Source: Keeping Current Matters
These days, more and more single women are buying homes. According to the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men.
If you’re a single woman looking to buy your first home, this is great news! It shows that many others are achieving their dreams, and so can you.
Why Homeownership Is So Appealing
For many single women, owning a home is more than just having a place to live—it’s a smart investment for the future. Homes generally increase in value over time, making them a great way to build equity and wealth. As Ksenia Potapov, an economist at First American, puts it:
“. . . single women are increasingly pursuing homeownership and reaping its wealth creation benefits.”
Owning a home provides financial security and independence, which can be life-changing. Plus, the personal reasons behind buying a home make it even more meaningful.
The NAR report highlights the main reasons single women are buying homes right now, and not all of them are financial (see chart below):
If any of these reasons speak to you, it might be time to start your own homebuying journey.
Team Up with a Great Real Estate Agent
If you’re a single woman ready to buy a home, you can do it, even in today’s market. Just make sure you have a great real estate agent on your side.
Talk to your agent about your goals and why homeownership matters to you. They’ll keep your priorities in mind as they guide you through the buying process, helping you find the perfect home and supporting you during negotiations. Together, you can make your homeownership dream a reality.
To Conclude
Owning a home is a big deal for everyone, but for a single woman, it’s so much more! Our agents at Emmer Real Estate Group understand that. Let’s connect today and talk about your home-buying goals.