Tuesday, February 27, 2007

Single Women Home Buyers

Again, this from MSN Real Estate news:

Changing American demographics and social norms are altering the real estate landscape: The average homebuyer is very different compared with buyers of generations past.
The biggest group of homebuyers by far is still married couples, accounting for 61% of all homes bought, according to the National Association of Realtors.
But single women now purchase 22% of all homes. Single men account for only 9% of purchases.
Pat Vredevoogd Combs, the president of the National Association of Realtors, says that shows real change. "Thirty-five years ago, when I started out as a Realtor, a single woman couldn't even get a mortgage," she says.
Part of the reason why women have become so big a buying bloc is that more women are single than ever before. The New York Times recently concluded, after an analysis of Census Bureau data, that 51% of all American adult women now live without a spouse.
Women are more financially independent than ever before, too.

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