< Back to News & Insights
Homeownership is a High Priority for Women
August 28, 2015 — 2 min read
In today's housing industry, many are speculating who will emerge as the next big group of homebuyers. While it's estimated that 75 million future Millennial homebuyers will enter the market in the near future, a promising group of buyers is currently making homeownership a high priority.
One-in-five homeowners are single females, making them the second-largest home buying demographic after married couples. According to the National Association of Realtors (NAR), single women are buying homes at nearly twice the frequency as single men. Outpacing single men, they constitute 23 percent of first-time buyers and 16 percent of all repeat buyers.
Breadwinner roles are shifting as more women are becoming the primary earners in their households, according to a Pew Research Center study. Women also carry an average of 22% less credit card debt than men; helping their debt-to-income ratios when qualifying for a mortgage. Demographic changes and fair housing and credit legislation are helping to fuel the trend. As single women are carving out a prominent place in today's market, it's important to consider tailoring marketing and homebuyer education towards this growing clientele.First-Time Homebuyers:
Single Women 23% Single Men 15%Repeat Homebuyers:
Single Women 16% Single Men 8%
If you have questions about any aspect of homeownership, contact us!
Categories
Archives
Recent Posts
- Interest Rate Hacks to Help Reduce Monthly Payments
- 3 Ways Women are Becoming a Dominant Force in Real Estate
- Your Guide to Early Retirement: 5 Simple Steps to Help You Succeed
- Make Your Home Handicap-Friendly: 15% of the World Will Thank You
- How to Build a Good Credit Score and Maintain It
- What’s Dad’s Retirement Plan? When a Reverse Mortgage Makes Sense
Getting started >
You bring the dream. We'll bring the diagram.
There’s a financing solution for just about every situation.
What our clients say >
I felt like I was treated like family, great communication and helping me with any questions I had.
Getting started >

You bring the dream. We'll bring the diagram.
There’s a financing solution for just about every situation.
Find an advisor >
Where does your sun shine? Find your local advisor.
Enter your city or state to see advisors near you.
Careers at PacRes>
We’re growing. Grow with us.
Careers at PacRes reward excellence in mortgage banking.
Build a better tomorrow