Woman-couchIn the 1950s and 1960s it was hard for single women to even get a mortgage, but from 2000 to 2010 single women accounted for an amazing 30% of the growth in homeownership nationwide. While single women made up 20% of homebuyers last year, men made up only half that, at 10%.

Why are more and more women becoming homeowners? Here are some drivers of that trend, according to the Joint Center of Housing Studies at Harvard University.

  • Women's incomes have increased
  • Women have a growing desire for independence
  • More women have advanced degrees
  • Women are living longer than men
  • Women are marrying at a later age, if at all
  • Mortgages rates are favorable, and available to single women

Like many first-time homebuyers and empty nesters, single women tend to prefer to live in the city, in walkable neighborhoods near coffee shops, restaurants and shops. They typically will not compromise on location or quality of the neighborhood and are concerned about neighborhood safety and security.

Average buyers spent about 3 months looking for a home… that means it is about time to get started if you want to spend the summer in your new home!

Sharlene Hensrud, RE/MAX Results – EmailMinneapolis-St. Paul Buyer's Agent



About Sharlene Hensrud

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

The five most important things to keep in mind when buying a home

From buying your first home to your last, it is easy to get so caught up in finding your 'dream home' that you lose sight of your reality. Here are five important things to keep in mind when searching for your new home… 1. Know what you can afford Be realistic about what price is affordable for.

Read More

The Path to Owning Your First Home

This infographic published by The Provident Bank of NJ outlines the process of buying a home, including things to consider as you begin the path towards becoming a homeowner… – See more at: http://www.providentnj.com/site/personalservices/homeloan/firsttimehomebuyer/content.aspx#sthash.CuBxrrb2.dpuf About Sharlene HensrudI love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you.

Read More

Biggest reasons Milennial renters decide to buy

The biggest reason young renters choose to buy is to have control over their living space… such as having the ability to paint whatever color they want, make updates and renovations, or add a pet. Infographic from Keeping Current Matters Sharlene Hensrud, RE/MAX Results - Minneapolis-St. Paul Realtor HomesMSP Team - Sharlene, John, Angela – Minneapolis-St. Paul Relocation RELATED.

Read More