EXIT Realty Premier Blog
Single Women Are Embracing Homeownership
In today's housing market, more and more single women are becoming homeowners. According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men.
If you're a single woman trying to buy your first home, this should be encouraging. It means other people are making their dreams a reality – so you can too.
Why Homeownership Matters to So Many Women
For many single women, buying a home isn...
Did you know that prior to 1974, banks would not give mortgage loans to single, widowed or divorced women unless they had a male cosigner, regardless of their income? Even with a cosigner banks would only give women partial credit for the income they earned. That's when the Equal Credit Opportunity Act was passed.
Now, according to the National Association of Realtors 2018 profile of home buyers and sellers, single women homebuyers outnumbered single male homebuyers by 2 to 1.
Via Lending...
