With the first-time home buyer tax credit extension, buyers are rushing back into the housing market. Single-family homes are being bought up all over the country, but who’s buying them?
Contrary to popular belief, families and couples are not the only people buying homes. In fact, many singles are buying up homes now just because it’s the best time to invest in a home. So the question becomes, who’s buying more: Men or women?
According to the Joint Center for Housing Studies, twice as many single women are buying homes than single men. This could be due to a cultural influence that women are supposed to “nest." Regardless of the reason, there is definitely a statistical difference. These women also go against the "Devil Wears Prada" stereotype of a professional female executive who can afford anything. Instead, we see a full range of women who are divorced, never married, with children and without children. They also work in various professions, from state workers to nurses and morticians.
Single women now make up more than a third of the growth in real estate ownership, according to the Washington Post. In fact, more than one fifth of the housing market is owned by single women. These facts are significant when you consider women make 11 percent less than their male counterpart with the same education and experience.
So why are women buying more houses than men?
Some reasons include a stronger desire to own their home, space issues and to relocation to be closer to a job, school, or family, according to About.com.
Regardless of why women are more drawn to home buying, one thing is for sure – You don’t need to a family or even be in a relationship to have the dream home you want. So don’t hesitate about buying a home because you’re single, and start looking before the tax credit runs out.
For more real estate news and tips about your home, visit the Quizzle Blog:
- What You Need to Know before You Buy a Home
- Save like Scrooge: Money Saving Ideas for the Holidays
- 6 Tips to Help You Save for a Down Payment on a Home
- Is Peer Pressure Sabotaging Your Savings?
- Free Stuff from Uncle Sam
Or visit Quizzle.com to access free tools and information to help you better manage your home, money and credit (like a free credit report and free credit score, no strings attached).


