Single Women Outpace Unmarried Men In Homeownership! Learn How You Can Join The Trend

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December 4, 2013 ‐ By Kimberly Gedeon

You heard right! All the single ladies are surpassing unmarried men when it comes to owning a home. Since 1999, according to the National Association of Realtors (NAR), bachelorettes have been snatching mortgages at twice the rate of their male counterparts, USA Today reports.

Why should buying a home just be reserved for those joined in holy matrimony? Katie Abbott, a 36-year-old lawyer from Portland, Ore., recently purchased a two-bedroom dwelling and is proud to be a single homeowner. “There’s no reason that [homebuying] should be limited to only if you’re married,” she says.

NAR found that 18 percent of homeowners last year were unmarried women — only 10 percent of single men were willing to make such a daunting financial commitment. These numbers are a reflection of the nation’s cultural shift; more women are receptive to learning about mortgages and building equity. Also, over the past few decades, women are assuming more leadership roles in the workplace. In turn, unmarried women have the wherewithal to invest in a home.

You might be considering riding along this trend, too — but wait!  Before you even think about becoming a homeowner, there are a couple factors — including your monetary security and financial savvy — that you’ll need to evaluate before you purchase your dream bachelorette pad.

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  • Futurewife

    I was almost there. I actually made an offer and changed my mind. I’m waiting on marriage ( part of me is still a traditionalist) the thought of going to an empty house with just me, it’s too lonely. Yeah family can come visit once in a while but 90% of time I’m by myself in a big house, yeah I can’t do it. So when I meet the future hubby, hopefully before med school, we can buy it together. I don’t want to deal with home maintenance issues on my own.

    • AintThatTheTruth

      Yeah buying a home as a single gal seems cool at first…but I’m not so sure I wanna big ol house without someone to share it with….

    • ARenee

      What about a 2 bedroom condo or a town home? As long as the association fees are reasonable, you wouldn’t have to worry about any exterior maintenance. I’m considering a condo. Even though I’m single now, when I get married, there would be room for both of us (and maybe a little one) and we wouldn’t have to move right away.