Tuesday, May 11, 2010

Single women outpace men in buying residential real estate

WASHINGTON – May 11, 2010 – Single women have moved ahead of unmarried men in the area of homeownership, according to National Association of Realtors® (NAR) statistics.

When the group first began tracking this data nearly 30 years ago, males and females were evenly matched – with each representing 10 percent of home sales. NAR figures show that unwed males held at that level in 2009, while homeownership by single females rose to 21 percent after holding steady at 20 percent for at least five years.

The trend is most prevalent in the California, Texas and District of Columbia markets, according to Brooke Warrick of American Lives, a market research company, who warns that real estate developers and sellers must be careful not to dismiss unmarried young women as mere bystanders to the homebuying process.

Source: Wall Street Journal (05/10/10) Goldberg, Eleanor

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