If we chat about the current housing scene, here's something interesting - these days, an increasing number of single women are stepping into the homeowner zone. The National Association of Realtors (NAR) shows that out of all the homebuyers out there, 19% are single women, while just 10% are single men.

If you're a single woman looking to purchase your first home, this is great news! It shows that others are out there turning their homeownership dreams into a reality, which means you can do it too.

Why Homeownership Matters to So Many Women

For a lot of single women out there, purchasing a home means more than just finding a place to call their own—it’s a savvy investment towards the future. Typically, homes tend to appreciate in value as time goes on, making them a solid avenue to grow equity and bolster your overall financial worth. According to Ksenia Potapov, Economist at First American, purchasing a home is a strategic move for financial well-being.

““. . . single women are increasingly pursuing homeownership and reaping its wealth creation benefits.”
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— Ksenia Potapov, Economist at First American

Owning a home can truly transform your life by offering financial stability and freedom. Plus, when you consider the personal reasons driving your decision to purchase a home, the impact becomes even more evident.

The latest report from NAR reveals the main reasons why single women are purchasing homes at this time, and interestingly, not all factors are purely financial. Check out the chart below for more details.

If any of these reasons ring a bell for you, perhaps it's a good time for you to consider making a purchase as well.

Work with a Trusted Real Estate Agent

If you're a single woman considering purchasing a home, rest assured that it's entirely possible even in today's competitive housing market. Just make sure you have a reliable real estate agent to support you through the process.

At NIC, THE REALTOR, we understand the importance of your goals and the significance of homeownership to you. By discussing what matters most to you and why owning a home is essential, we can ensure that your priorities stay top of mind as we assist you through the home buying journey. Our team will work diligently to find a property that aligns with your needs and will stand by your side during negotiations, advocating for your best interests. With our guidance and support, we aim to help you achieve your dream of becoming a homeowner.

Bottom Line

Absolutely, becoming a homeowner can truly transform your life, regardless of your background. Let's chat soon to discuss your objectives in the real estate market.