Single Gen Z women outpace Gen Z men to homeownership despite overall decline in first-time buyers
NAR said single Gen Z women bought homes at nearly double the rate of single Gen Z men, while first-time buyer activity fell to a record low.
- Single women are outpacing their male counterparts in homebuying, accounting for 35% of purchases within Overall Gen Zers, while single men represented 18%, according to survey data from NAR.
- Women have consistently outpaced men in homeownership across generations since 1981. Jessica Lautz, NAR deputy chief economist, said rising college attendance and higher incomes drive this shift, alongside a historical desire for independence.
- Mariah Berry, a social media content creator, purchased a two-bedroom home in Charleston, Tennessee, for $218,000 in 2023 at age 23 with a 30-year mortgage at 6% interest after years of aggressive saving.
- Bri LaFluer, a content creator, bought a three-bedroom house near Syracuse in 2023 after saving a $20,000 down payment while living with her mom. Now 27, LaFluer said competitive mortgage rates previously made her search difficult.
- Aspiring Gen homeowners face significant financial hurdles as the median annual income for homebuyers is $76,000. To manage costs, 1 in 10 buyers tapped their 401 retirement savings plan to assist with their down payment, according to NAR.
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LOS ANGELES (AP) — Single women in Generation Z are beating their male peers when it comes to buying a home.
Gen Z women outpace men in home buying as single female property ownership rises
Single Gen Z women are outpacing their male counterparts when it comes to buying a home.They accounted for 35% of all homebuyers in their generation, while single Gen Z men represented 18%, according to survey data from the National Association of Realtors.NAR surveyed people who bought a home betwe...
Homebuying trends: Single Gen Z women buy more homes than men despite slowdown in first-time buyers
International Business News: In US, single Gen Z women are buying homes at a significantly higher rate than their male counterparts even as overall first-time homebuying activity .
Associated Press News
Single Gen Z women outpace Gen Z men to homeownership despite overall decline in first-time buyers
Single Gen Z women are outpacing the men of their generation when it comes to buying a home. They accounted for 35% of all homebuyers in their generation, while single Gen Z men represented 18%, according to survey data from the National Association of Realtors.
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