Homeownership Is Being Accepted by Single Women

In today's housing market, more and more single women are becoming homeowners. According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men.

This should give you hope if you are a single woman looking to purchase your first house. It means that since other people are achieving their goals, you can too.

Why Homeownership Matters to So Many Women

For many single women, buying a home isn't just about having a place to live—it's also a smart way to invest for the future. Homes usually increase in value over time, so they’re a great way to build equity and overall net worth. Ksenia Potapov, Economist at First American, says:

“. . . single women are increasingly pursuing homeownership and reaping its wealth creation benefits.”

Owning a home can have a significant beneficial effect on one's life by providing financial stability and freedom. And that effect is made even more evident when you take into account the individual reasons for buying a home.

The same report from NAR shares the top reasons single women are buying a home right now, and the reality is, they’re not all financial (see chart below):

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If any of these reasons resonate with you, maybe it’s time for you to buy too.

Work with a Trusted Real Estate Agent

If you’re a single woman looking to buy a home, it is possible, even in today’s housing market. You’ll just want to be sure you have a great real estate agent by your side.

Discuss your goals and why homeownership is important to you. This allows your realtor to keep what is most important to you in mind as they lead you through the purchase process. They will assist you in finding the best home for your needs and will represent you during the negotiation process. Together, you may realize your dream of becoming a homeowner.

Bottom Line

Regardless of who you are, owning a home changes your life. Let us talk about your housing market goals today.We made our dream of becoming homeowners a reality.

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