News about Real Estate

The article published by Kenneth R.harney on the  The Washington Post brings to light the new trend of data showing the growing numbers of single women purchasing homes in Washington. According to a Survey by The National Association of Realtors, single women account for 18% of new home purchases, compared to their single male counterparts of 7%. Home realtors are purposely expanding their home designing styles to appeal to women's preferences, including singles. Pat McKee, the president of Pat McKee Homes, says that The North Carolina markets have also noticed the increase in amount, up to 50% in single women in their 30s, 40s, and above. Ralph McLaughlin the chief  of economist for consulting firm Veritas Urbis Economics, citing from The U.S. Census Current Population Survey which covered 60,000 households, found that home purchases by singles (including widow, never married, and divorcees) hit the highest record of 22.8%. According to Jessica Lauts the director of demographic and behavioral insights for the National Association of Realtors, women are more likely to see buying homes as an investment. On average, women buy slightly more expensive homes, comparing $185,000 to $175,000. Many of these buyers state that they are tired of apartments and are now confident enough to buy new homes with the mindset that they are able to triple their profit, and the rising prices in real estate are only of more motivation for them. I found it more feasible to buy than expected, Fleming said in an
interview. She definitely looked at it in investment terms, but
most important of all, I had gotten to the point where I wanted having
a place that’s really mine, where I could make the changes I wanted.
Now, financially, it was a possibility.(Harney, ) pexels (Work Cited) Harney, Kenneth R. “Single Women Account for More Real Estate Purchases than Single Men.” The Washington Post, WP Company, 9 May 2018, www.washingtonpost.com/realestate/single-women-account-for-more-real-estate-purchases-than-single-men/2018/05/08/0f3cee66-521e-11e8-a551-5b648abe29ef_story.html?utm_term=.6b817cdb8eca


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