Why are single women more likely to own a home than single men? It boils down to….

 

When it comes to homeownership in the United States, single women are taking the lead over single men. According to a 2023 Pew Research Center survey utilizing 2022 census data, unmarried American women owned 58 percent of the nearly 35.2 million homes, while single men possessed 42 percent. Although Pew’s findings suggested this gender disparity primarily existed among older unmarried adults, the National Association of Realtors®’ (NAR) 2024 annual homebuyer and sellers generational trend report revealed that, regardless of age, single women outpaced single men in home purchases last year.

The NAR report indicated that single women constituted 19 percent of homebuyers, compared to 10 percent for single men. This discrepancy persisted across various age groups, albeit with a slight convergence among older Gen Zers and Millennials and a widening gap among most older adults. Jessica Lautz, NAR’s Deputy Chief Economist, highlighted the complexity of pinpointing the reasons behind single women’s dominance in home buying. She suggested that women’s disproportionate caregiving responsibilities, particularly as single mothers, and their propensity to acquire multi-generational homes might contribute to this trend. “They’re more likely to be single moms, and they’re more likely to be purchasing a multi-generational home,” Lautz noted, indicating the potential presence of elderly relatives within these households.

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