As more women postpone marriage and family, we see them choosing to buy their own homes as individuals. Some say they are taking a stand for "financial independence" and others say they say they are investing for the future. Whatever the reason, there is a definite trend towards more single women buying homes of their own.
Right now, the bulk of home buyers are still married couples (60 percent). However, a recent study by the National Association of Realtors shows unmarried women represent 22 percent of the total homes purchased in the United States; up from 14 percent in 1995. That is a more than 50 percent increase in only 12 years.
Last summer, a study issued by Harvard University's Joint Center for Housing Studies found that unmarried women buy about one million homes every year; and between 2002 and 2003, they spent $550 billion on residential real estate.
According to this Harvard study, single women prefer homes in the city to the suburbs and generally will not choose new construction. Seeking a stronger sense of safety, while requiring less maintenance, most women buy smaller homes or less-expensive condominiums.
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