Women earn $0.83 to every $1.00 a man makes, but they are dominating the market!
Prior to 1974 it was not legal for a women to secure a mortgage without a male cosigner. Once that barrier was broken, women have outpaced males as homebuyers since the NAR started tracking the data in 1981. In 2022 single women made up 17% of recent buyers compared to 9% of men. Single women own about 10.76 million homes, while single men own about 8.12 million.
At Windermere, we are all about homeownership for everyone, however ya’ll know how much I have a heart for everyone OTHER THAN white men being homeowners. I thought this recent study from Lending Tree about the increase in women owning real estate was worth sharing. Owning real estate is a powerful wealth-builder and the single strongest investment one can make. It’s pretty cool that so many single women are hip to the wealth-building cheat code of homeownership! If you are curious about how owning a home can help you expand your nest egg, please reach out!