first time home buyers

Photo credit: Alachua County via Foter.com / CC BY

 

Last year the share of single women fell to its lowest point since 2002s 15%, but this year they seem to be making a comeback. However, while men may be slower to enter the market, homes owned by single men have a 10% greater value and appreciate 16% more than homes held by single women, according to an analysis released by Realty Trac. Single women aren’t the only ones increasing their share in the market although first-time homebuyers have been decreasing every year for three straight years, 2016 seemed to bring an end to the trend, according to the survey.

Key Takeaways:

  • Single women represented 17% of the market this year, the highest point since 2011.
  • Single women for years have indicated a strong desire to own a home of their own, as well as an inclination to live closer to friends and family.
  • Those under age 35 made up 61% of first-time buyer transactions.

“Young adults are settling down and deciding to buy a home after what was likely a turbulent beginning to their adult life and career following the Great Recession.”

http://www.housingwire.com/articles/38407-nar-more-single-women-buying-homes

Alliance Credit Counseling
10720 Sikes Place Suite 100
Charlotte, NC 28277
(888-995-7856) / (704-341-1010)