A growing trend in the U.S. residential real estate market is the increasing number of single women buying homes. Currently, single women make up 19% of all buyers, compared to 10% for single men. This trend is driven by societal changes, higher earning potential, and financial independence among women.
Single, professional women in their 30s and 40s are leading this trend, viewing homeownership as a key milestone in their personal and professional lives. Many women see investing in real estate as a way to secure their financial future and build equity, rather than renting and paying someone else’s mortgage.
Owning a home provides a sense of control over living space and protection against rising rental costs. Additionally, many single women see homeownership as a strategic investment for wealth accumulation and long-term financial security. They are also taking advantage of conventional loan programs that require lower down payments.
As more single women enter the real estate market, the future of homeownership in America looks promising. Ellen C. O’Day, a managing broker at Coldwell Banker Realty, believes that investing in real estate has been a key to her success and retirement, and she is not surprised to see more women making their mark in the industry.