The housing market is shifting, and single women are leading the way! Despite financial hurdles, rising home prices, and market challenges, more women are achieving their dream of homeownership on their own. Let's dive into the numbers and trends behind this inspiring movement.

Women Are Buying More Homes Than Ever Before

According to the latest 2024 Profile of Home Buyers and Sellers report by the National Association of Realtors (NAR), single women now make up 20% of all homebuyers, nearly doubling their share since 1981. Meanwhile, single men represent just 8% of the market. Among first-time homebuyers, the trend is even more striking: nearly 1 in 4 is a single woman!

This shift is happening despite financial disparities. The median income for single female first-time buyers is $71,300, compared to $87,500 for single men. Yet, women are still making homeownership a priority and finding ways to succeed.

Overcoming Barriers & Breaking Through

It wasn’t until 1974 that women could legally obtain a mortgage without a cosigner. Fast forward to today, and women are not only buying homes at higher rates but also making significant lifestyle sacrifices to do so. Many are cutting expenses, taking on second jobs, and prioritizing financial goals over nonessential spending.

What’s driving this trend? Several factors play a role:

• Desire for Stability: Many single women, especially those with children, want the security of homeownership over the uncertainty of renting.

• Shifting Marriage Trends: Fewer people are getting married, leading to more single women choosing to invest in real estate.

• Long-Term Wealth Building: Homeownership remains one of the best ways to build generational wealth and financial security.

What Homes Are Women Buying?

Single women buyers are looking for homes that fit their needs and lifestyle. According to NAR:

• 75% purchase single-family detached homes

• Quality of the neighborhood is the #1 factor when choosing a home

• Many opt for multi-generational homes, valuing family convenience

Even with financial constraints, these buyers are finding a way to make homeownership work—and they’re here to stay.

The Future of Female Homeownership

Women are proving that homeownership isn’t just for dual-income households. They are prioritizing stability, making financial sacrifices, and paving the way for future generations of female homebuyers. With shifting demographics and continued economic empowerment, this trend isn’t slowing down anytime soon.

Read more about this growing trend and what it means for the future of real estate! -> All the Single Ladies: More Women Buying Homes on their Own

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Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, tax, or legal advice. We are not lawyers, financial advisors, accountants, loan officers, or mortgage brokers. Please consult with a qualified professional to understand your specific needs.