Single Homeowners - Women Buying More Than Men

Written By Clemence Fontaine | July 23, 2013
2019%2f09%2f13%2f12%2f42%2f48%2fa5db4b6f 0a29 4c1f 8d37 d3188d510e3f%2ffile

Once upon a time women needed to wait for Prince Charming in order to buy a home. Hopefully for the fair sex, this time is now over. Only after the second wave of feminism and Title VIII of the Civil Right Acts of 1968, commonly referred to as the Fair Housing Act, were women were finally recognized as financially responsible and gained an easier access to credit cards and mortgages. 

However, it took some time for women to be taken seriously, but now that third wave feminism has kicked in, women are - slowly - seen as equal to men. Now that they have gained considerable impact in the workforce, most people have acknowledged the fact that women do not need to be married or have children to be taken seriously and can be as financially independent as men. As a matter of fact, the National Association of Realtors (NAR) has reported that since the mid-1990s, single ladies have purchased homes at nearly twice the rate of single men. 

That fact points to a few difference between the fair and the male sex in terms of financial decisions. It seems that women have a tendency to save more than men, so that even if their average earnings are still inferior to men, they are able to make adequate downpayments. According to Experian, men have 4.3% more debt than women and have a 7 percent higher incidence of late mortgage payments - beware, bankers might even start to like women better. 

Besides, the NAR has shown that independent women make up roughly 20 percent of homebuyers, compared with 15 percent for lonely boys. To women, there is a sense of pride and accomplishment in making such a long-term investment on their own. Plus, they probably place a higher value in owning their own nest than single men would. For them, both personal and financial security are at stake. 

Women also remain women and realtors have witnessed that they are more sensitive than men - 46% of them have to love the house to buy it - whereas men are more practical and 76% of them evaluate a home based on cost and value [Redfin data]. Safety and location are also among the top considerations for women - proving that they either have kids or are not quite desperate about a potential Prince Charming that might do the job. No matter how bright their chance of future love might be, taking a long-term investment is always wise. The cost of rent is money that vanishes into thin air whereas paying back a loan is invested money. In addition, with the recovering economy it is time to take advantage of the very low mortgage rates and investing in real-estate in New York particularly has never been a bad decision. As tempting as it might be to fall in a shopping fever during the sales season, get over ladies, close your wallet and continue saving... The trend has already started to invert, single ladies are increasingly seen as more confident, independent, strong and financially reliant. 

With all that said, it just makes us want to sing ‘All the single ladies, all the single ladies, now put your hands up...’

Blog Archive


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on All data displayed on is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.