Kishia S. Ward wasn't looking for the home of her dreams when
she bought her two-bedroom, 2½-bath townhouse. The 25-year-old student and
former business analyst wanted a place "not so much to live in forever but
as an investment property, something temporary that, later on when I get
married and have a family, I can rent out
Single female homebuyers such as Ward are a powerhouse group in
the real-estate market. In 2011, when Ward bought her home, three of her female
friends, also singles in their 20s, also purchased homes. Single women — a
group that includes the divorced, never married and widowed — make roughly one
in five home purchases annually, according to the National Association of
Realtors, second only to married couples, who are about two-thirds of the
It wasn't always this way. In the 1970s, "it was very
difficult for a single woman to get a credit card, much less a mortgage,"
says Walter Molony, spokesman for the NAR.
In 1981, when the NAR started watching, single women and single
men each made about 10% of home purchases. Purchases by single men have stayed
steady. Single women, however, pulled ahead in the late ’80s, when women grew
as a presence in the workforce and social change put pressure on lenders.
Single women's market share reached 20% in 1985 and hovered
there until recession and tight credit pulled it down to 16% in 2012. Unmarried
couples make 8% of purchases Source MSN
Diana Walton Licensed Real Estate Consultant Certified Negotiation Expert (CNE) Keller Williams Realty 281.923.1118