All the single ladies? They’re buying homes
Single women are far more likely to buy a condominium or single-family home, according to the latest research from the National Association of REALTORS®.
The Chicago Tribune recently ran a story looking at this gender gap. And what do the numbers show? Single women are actually the second-largest group of homebuyers in the United States, behind only married couples.
According to the Tribune story, single women made 18 percent of all home purchases in the United States last year. Single males, though, only made 7 percent of all U.S. home sales last year.
Why is this happening? The Tribune story said that single women tend to view homes as investments, more than do single males. That might explain, too, that when they do buy a home, single women tend to spend more. The Tribune reported that single women spent an average of $185,000 on a home while single men spent an average of $175,000.
Single women are also more likely to have children under the age of 18 in their households. It makes sense, then, that these women would be more interested in buying a residence that their children could call home.
If you’re a single woman and you’re interested in buying a condominium or single-family home in Chicago, there is good news. You will be able to find well-priced homes throughout the city when you work with a REALTOR® who can help you find the perfect condo or single-family home.
There are challenges, though: There aren’t as many homes for sale today throughout the city as there have been in the past. If you do find a condo or single-family home that you like, you’ll have to act fast. If you wait, another buyer might snatch it up before you make an offer.
If you’re ready to make the jump into ownership, contact a Chicago REALTOR® today. Your new home is out there and waiting for you.