All the unmarried women… are buying property.
In fact, a recent study found that single women are outpacing single men in home ownership.
This new trend has come as a shock to many – and it is bound to have long-lasting effects on the financial markets and generations to come.
Single women own about 10.7 million households in the US, while single men own 8.1 million, according to a recent analysis Lending Tree Who looked at the 2021 census data.
The surprising development spread almost across the country, with single women more likely to own a home in 48 of the 50 states—all except North and South Dakota.
This development was first noted by LendingTree in 2018, and experts are eager to see the full impact of the pandemic’s impact on home buying when the most recent Census data is released.
Women dominate ownership, with the highest rates in Southern states such as Louisiana, Alabama and South Carolina, where home prices are generally cheaper.
Meanwhile, Florida, Delaware and Maryland reported the widest gender gap among single homeowners. The difference is 4.55% in the Sunshine State, which owns 262,000 more single women households than men.
North Dakota And South DakotaThe only state where single men own more homes than single women is known for having job markets saturated with male-dominated occupations such as oil rigging and construction.
This recent discovery has surprised many who note financial and social shocks What the women of America face. Research has shown that women are also more likely to have left for promotion, not taken seriously at work And kicked out of the workforce,
women make an average of 83.1 cents According to the Bureau of Labor Statistics, for every dollar a man makes.
But women are making steady progress in other capacities. more women enrolling and graduate from college more than men – and some are narrowing the pay gap out-earners in 22 states across the country.
As women work to catch up (or eventually surpass) their male counterparts, they are taking measures to set themselves up for success, even as a turbulent housing market,
Buying a home is often seen as one of the best financial investments a person can make.
The average American homeowner who bought a home in 2011 accumulated an average of $225,000 in housing assets by 2021. National Association of Realtors In 2022.
On a more morbid note, the researchers pointed to the longer life expectancy of women, pointing out that the causes of unequal homeownership differ by age group.
Despite rising rates of single women signing over their dream home, the majority of owned homes in America belong to couples.
It all comes down to the interest rates on the mortgage. are at an all-time high After years Millennials Are Struggling to Be Homeowners,