To all single ladies out there, this is the perfect time to get back in the home buying market. In the United States, single women played a significant role in the housing market because they tend to purchase houses or apartments compare to single men.
However, Bloomberg reported that because of the housing crisis in the U.S, lenders made it harder to qualify for mortgages. And that is one of the major reasons the percentage of single women buyers dropped. It fell down from 21 percent in 2009 to 15 percent this year. But things are getting better now, and single ladies are back again.
According to The Real Deal, a real estate brokerage named Redfin conducted a survey which showed that single women are set to come back in the housing market. Based on Redfin's survey, most of the respondents for prospective home buyers are women.
It has been reported that in the following cities namely, Boston, San Francisco, Seattle, San Diego, Charlotte, N.C., Baltimore, Fresno, California, Columbus, Lousiville, Ky and Los Angeles, the number of women are earning more than $100,000 a year. It has even increased between 2012 and 2014. That is why single women have more capacity to purchase their own comfortable place.
Even though Redfin's survey did not mention whether the women respondents are married or single but still, with the census of the rising income for women then that alone is a strong proof already. The rise in salary matters a lot because single females have the capacity to extend their budget when it comes to purchasing a house.
The managing director for survey research for the National Association of Realtors, Jessica Lautz said that "They are making sacrifices financially because they have a really strong desire to be a part of a community."
