SingleHomebuyer RealEstate Trends of

2016by Jim Zaspel

For the past 34 years, women havebeen leaders in the single homebuyermarket. This means that single have

been surpassing bachelors inpurchasing and owning homes for

quite some time now.

In 2015, an impressive 15% of thesingle women market purchasedhomes while 9% of the purchases

were single men. This number hasremained the same since the year

2012.

After looking at the numbers, onemust question what is behind the

trend. History will tell you that since1968, when the Fair Housing Act was

passed and women were givenunbiased access to mortgages and

credit, women have placed a heavyemphasis on owning homes.

Here are a couple of more reasonsbehind the trend:

They have the Funds!

Although the wage gap betweenwomen and men is still an issue that

needs to be addressed, there isevidence that the issue may be well

on it’s way to being resolved.

There are cities in which more menthan women are earning $100, 000+

in income per year. These citiesinclude but are not limited to Seattle,

Charlotte, Boston, and SanFrancisco.

Space

The most popular style of home formost homebuyers, regardless ofbeing male, female, or single, is a

detached single family home.However, when it boils down to theprice in which men and women arewilling to spend on on these homes,women tend to want to spend more

for more space.

Whether or not you are a single male,female, or a realtor, it’s best to knowthe market and the caliber of buyers

that are interested in purchasing.