Single Women Are Embracing Homeownership

<article class="post-986350 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-986350"><span class="entry-date">March 27, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">Single Women Are Embracing Homeownership</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Single+Women+Are+Embracing+Homeownership&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fsingle-women-are-embracing-homeownership%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/single-women-are-embracing-homeownership/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fsingle-women-are-embracing-homeownership%2F&amp;src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fsingle-women-are-embracing-homeownership%2F&amp;description=Single+Women+Are+Embracing+Homeownership" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://gilliggroup.com/blog/single-women-are-embracing-homeownership/?shareSlug%3Dsingle-women-are-embracing-homeownership" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: Single Women Are Embracing Homeownership&amp;body=Single Women Are Embracing Homeownership%0D%0Dhttps://gilliggroup.com/blog/single-women-are-embracing-homeownership/" target="_blank"><span class="force-hidden">Email</span></a>
</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Single Women Are Embracing Homeownership Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20240327-Single-Women-Are-Embracing-Homeownership.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>In today’s <a href="https://www.simplifyingthemarket.com/2024/03/15/the-latest-trends-in-housing-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">housing market</a>, more and more single women are becoming <a href="https://www.simplifyingthemarket.com/2024/03/22/3-helpful-tips-for-first-time-homebuyers-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">homeowners</a>. According to <a href="https://www.nar.realtor/blogs/economists-outlook/celebrating-single-women-home-buyers" rel="noopener noreferrer" target="_blank">data</a> from the <em>National Association of Realtors</em> (NAR), <strong>19% of all homebuyers are single women</strong>, while only 10% are single men.</p>
<p>If you’re a single woman trying to buy your first home, this should be encouraging. It means other people are making their dreams a reality – so you can too.</p>
<h4><strong>Why Homeownership Matters to So Many Women </strong></h4>
<p>For many single women, buying a home isn’t just about having a place to live—it’s also a smart way to <a href="https://www.simplifyingthemarket.com/2024/03/13/your-home-is-a-powerful-investment/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">invest</a> for the future. Homes usually <a href="https://www.simplifyingthemarket.com/2024/03/20/does-it-make-sense-to-buy-a-home-right-now/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">increase in value</a> over time, so they’re a great way to build <a href="https://www.simplifyingthemarket.com/2024/02/08/home-equity-can-be-a-game-changer-when-you-sell/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">equity</a> and overall net worth. Ksenia Potapov, Economist at <em>First American</em>, <a href="https://blog.firstam.com/economics/she-cession-cant-slow-homeownership-surge-among-single-women" rel="noopener noreferrer" target="_blank">says</a>:</p>
<blockquote><p><em>“. . . single women are increasingly pursuing homeownership and reaping its wealth creation benefits.”</em></p></blockquote>
<p>The financial security and independence homeownership provides can be life-changing. And when you factor in the personal motivations behind buying a home, that impact becomes even clearer.</p>
<p>The same report from NAR <a href="https://www.nar.realtor/blogs/economists-outlook/celebrating-single-women-home-buyers" rel="noopener noreferrer" target="_blank">shares</a> the top reasons single women are buying a home right now, and the reality is, they’re not all financial (<em>see chart below</em>):</p>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240325/20240327-Top-Reasons-To-Purchase-a-Home.png" rel="noopener noreferrer" target="_blank"><img alt="a blue and white diagram with white text" decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240325/20240327-Top-Reasons-To-Purchase-a-Home.png"/></a></p>
<p></p>
<p>If any of these reasons resonate with you, maybe it’s time for you to buy too.</p>
<h4><strong>Work with a Trusted Real Estate Agent</strong></h4>
<p>If you’re a single woman looking to <a href="https://www.simplifyingthemarket.com/2024/03/04/what-to-know-about-credit-scores-before-buying-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buy a home</a>, it is possible, even in today’s housing market. You’ll just want to be sure you have a great real estate <a href="https://www.simplifyingthemarket.com/2024/02/28/why-you-want-an-agents-advice-for-your-move/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">agent</a> by your side.</p>
<p>Talk about what your goals are and why homeownership is so important to you. That way your agent can keep what’s critical for you up front as they guide you through the <a href="https://www.simplifyingthemarket.com/2024/03/01/the-first-step-getting-pre-approved-for-a-mortgage-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buying process</a>. They’ll help you find the right home for your needs and advocate for you during <a href="https://www.simplifyingthemarket.com/2024/03/18/4-tips-to-make-your-strongest-offer-on-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">negotiations</a>. Together, you can make your dream of <a href="https://www.simplifyingthemarket.com/2024/02/20/strategic-tips-for-buying-your-first-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">homeownership</a> a reality.</p>
<h3>Bottom Line</h3>
<p>Homeownership is life-changing no matter who you are. Connect with a local real estate agent to talk about your goals in the housing market.</p>
</div>
</div></article>