Real,Estate,Trends,Single,Prof business, insurance Real Estate Trends - Single Professional Women
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The real estate market is changing to include more single women as first time home buyers than ever before. According to the National Association of Realtors, twenty percent of all first time home buyers in 2010 were single women and twelve percent were single men.This huge jump in single women buying their own homes speaks volumes about our culture and how we have changed from just a few decades ago when women were not encouraged to buy a home as single women or indeed even plan their lives with any sense of permanency outside of the boundaries of marriage.That number- twenty percent is the highest number of single women to enter the real estate market in history and is a solid indicator of changing times. And single women home buyers are rapidly passing up their single male counterparts to buy a home for the first time in history. This new historic trend will hopefully continue since it is creating its own changes in the home builders market as well as more homes are being geared towards this new niche of buyers. To meet this growing trend of home buyers, more homes are being built that offer the features that appeal to this unique market niche of buyers including home that have gourmet kitchens, better security features and fewer yards and by virtue of that, less yard maintenance required.Other factors have helped fuel this new trend along as well as the new home features of course. The real estate market has been through a recent upheaval that you would have to be living on Mars to avoid knowing about, but the end result of this harsh time has been lower interest rates and lower home prices that have allowed more single income women to enter the market than before.The newest buyers arent necessarily looking for the same things that the traditional home buyers are looking for either. While families who are the main source of traditional home buyers are concerned with a homes location in a desirable school district, single women arent hampered by those considerations and have a wide open real estate market to pick from.And when the experts study who these women buyers are, they arent finding any easy cliche answers. The new market of buyers is a mixture of post divorced, newly college graduated, unmarried and widowed women from all walks of life, demographics and ethnic backgrounds and they are interested in a wide array of home styles and locations.The trend towards single female home buyers is hopefully just the beginning of how the real estate market is evolving as it surfaces from the post-recession housing crash and finds the market has indeed changed and evolved but not died in the process.
Real,Estate,Trends,Single,Prof