Return of the Single Female Homebuyer
It could be a good year for women looking to buy real estate, particularly in cities where their incomes are rising faster than those of single men.
The Return of Single Female Homebuyers
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For decades, single women played an important role in the U.S. housing market, buying more homes than single men. But after the housing crisis, lenders made it harder to qualify for mortgages, and the percentage of single female buyers dropped from 21 percent of purchasers in 2009 to 15 percent this year. Now they may be poised to make a comeback.
For more than a year, the majority of respondents to a prospective homebuyer survey by real estate brokerage Redfin have been women—this according to more than 17,000 surveys completed on its website since 2012.