In a Promising Trend, Single Women are Becoming Homeowners at a 2.5x Higher Rate Than Single Men.

17 MAY, 2017 864 views Informative

For single women, this does represent an area where they hold a significant advantage over single men. About 17% of homebuyers are single females, compared to 7% of single males.

Two statistics which are somewhat disconcerting is the fact that single women have slightly higher foreclosure rates – about 5% higher – than single men. The average purchase price of a woman’s home was $173,000 to a man’s $191,000 average purchase price, possibly indicating that even though single women are approved for homes at a higher rate, they are being forced into less valuable homes.

All things considered, men and women do have similar credit scores, 675 for females compared to 670 for males (you can see your credit score here), which is effectively the same when it comes to qualifying for a mortgage.

While the individual reasons for the growing number of single women purchasing homes have a small effect on the overall total, combined, they make a statistically significant difference which cannot even be explained by the small dip in married couple home purchases.

source: National Association of Realtors


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