Women Are More Likely to Become First Time Homebuyers - Lifestyle Real Estate by Libby Levinson

Women Are More Likely to Become First Time Homebuyers

Women Are More Likely to Become First Time Homebuyers

More Single Women Are Buying Properties Than Men

Single women account for more real estate and property purchases than men. In the last year, 17% of home purchases were made by single women. In comparison, only 7% were made by men. Behind married couples, single women make up the second largest real estate purchase marketplace.

Women are more likely to see home-buying as an investment. Rent increases, particularly in Denver, can be linked to this increase in property purchasing by single women.

Many single women are actively looking for homes to call their own. Making changes to create your perfect space is appealing to women more and more. In addition, buying your own house and cultivating your own unique space is a productive use of financial resources.

Men are often more concerned about having to relocate than women. Planting roots does not seem to be a as much of a priority for men as it is for women. Single women are also more likely to pay slightly more for their real estate. Women who are tired of living in an apartment find financial comfort and security in purchasing their own space.

Builders are picking up on this trend and are routinely building properties they anticipate will appeal to women. Single women in the 30-50 age bracket are also purchasing homes for the first time, showing that this trend is not exclusive to younger generations.

Are you ready to make that first step towards purchasing your dream home? Contact me here and visit libbysellsdenver.com. I look forward to working with you! 

libbylevinson
libbylevinson
Libby Levinson is a born and raised Denver native who has spent time in all of Denver’s historic neighborhoods as well as the numerous suburbs surrounding the metro area. She enjoys sharing her knowledge of Denver and her love for the Mile High City with her clients. Libby proudly joined Kentwood Real Estate in 2006. Libby has had the pleasure of helping a variety of clients navigate their real estate transactions: helping first time buyers find their starter home, coordinating the synchronized sale and purchase for buyers looking for more space, sellers looking to down-size, and assisting sophisticated investors with their next investment opportunity. Libby is known for her ability to smoothly facilitate the complex details of both the buying and selling process. You can see Libby featured in 5280 Magazine and the 2017 Kentwood television commercial on her website at www.LibbySellsDenver.com.