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
