Single Women Soar
July 5th, 2006 by jhampton
According to current trends more than one in five new home buyers are single women. An article on BankRate.com gave some interesting facts on this issue.
IF you are a single woman or a real estate guru, this is definately information worth storing.
In 2005, 21 percent of all home buyers were single females, up from 16 percent in 1993, and were the second-largest group of home buyers, according to statistics from the National Association of Realtors.
And that shows up in how they pay for the home, says Drew. Twenty-eight percent of women are able to buy a home without a mortgage, she says. (For single men the figure is 27 percent and for couples, 20 percent.)
But for most women, mortgages are a must. And 40 percent put down less than 5 percent for a down payment.
And that shows up in how they pay for the home, says Drew. Twenty-eight percent of women are able to buy a home without a mortgage, she says. (For single men the figure is 27 percent and for couples, 20 percent.)
But for most women, mortgages are a must. And 40 percent put down less than 5 percent for a down payment.
Dealing with a booming real estate market should be even more incredible knowing that a ‘new’ edge in the consumer base is growing.
Posted on Wednesday, July 5th, 2006 at 7:58 pm In Real Estate Investment