Your single girlfriends who own their own home are at the cusp of a growing trend, homebuying data shows.
Single female homebuyers consistently outpace single male homebuyers, according to Jessica Lautz, VP of Demographics and Behavioral Insights and Research at the National Association of REALTORS®, and a speaker at last month’s Real Estate REvive Conference & Expo.
Single female homebuyers have been second only to married homebuyers since 1981. The share of single, female buyers in the last three years has grown from 15 to 18 percent, according to Lautz.
Women are “feeling confident you don’t need a wedding ring to purchase a home,” says Lautz. “They want the stability of purchasing a home but don’t need the marriage.”
But single women tend to purchase less expensive homes, adds Lautz, citing data from NAR’s 2018 annual survey. They’re also more likely to be multi-generational homes, which is attributed to the caregiver role that often falls to women.
“Good Morning America” asked single women to share their stories of buying their own home. Here are the experiences of women who did it on their own.