According to the National Association of Realtors, single women are buying homes at roughly twice the rate as single men. While the number of single people buying homes has dipped in the last few years, women have been outpacing men in this area since the late 1990s––a trend likely fueled by demographic changes.
Studies have shown that women are the main breadwinners in a record 40% of households with children, two-thirds of which are single women. This number is nearly 4 times the level in 1960.
“It really is a market that wasn’t there a couple of decades ago,” said Hale Walker, mortgage lender and founder of Michigan Mutual.
In Walker’s experience, single women tend to be more proactive in planning for their financial future and view buying a home as an investment to expand their portfolio. “They’re coming in with a good handle on what they’re trying to accomplish,” he said.
This article can be found in its original form at NYTimes.