Women are Snatching Them Up in Record Numbers!

They say statistics don’t lie.  The stats are in:  

·         More single women buy homes than single men.  According to the NAR 2018 Home Buyer and Seller Generational Trends, 18% of recent home buyers were single females while only 7% were single males.

o   Women are entering marriage later in life – age 27 now, compared to 21.5 years in 1940.

o   In 1940, only 3.8% of women graduated college, compared to 30.2% now with a bachelor’s degree or higher.

o   Women professionals are on the rise – civil engineers increased by 977%, pharmacists by 434%, surgeons by 334%, and lawyers and judges by 681%.

o   According to the CSA retail site, women are quite influential. Women influence 91% of all home sales. The influence 85% of all purchases.

·         From Panel Study of Income Dynamics, having wealthy parents increases a young adult’s likelihood of owning a home by 8 percentage points. The study also found that a 10% increase in parental wealth increases a young adult’s likelihood of owning a home by 0.15 to 0.20%. If two sets of parents are identical in everything else, but wealth, and one set has $260K in wealth and another has $200K, the child of the wealthier family will have a 5-6% greater chance of owning a home than the child of the less wealthy family.  This is a strong reminder that our clients that have bought homes with children are likely to encourage their family members to buy.   

Speaking of successful women, Oprah Winfrey is worth approximately $2B.  For those looking to the New Year and change, she shares an inspirational thought on moving your life forward on her website: CLICK HERE.

The Easterbrook Team