Despite the number of women homebuyers remaining relatively stable, the fourth quarter saw an 8.7% increase of single women purchasing homes compared to the same time last year. Single women homebuyers make up 15%, just under the 18% share of single men buyers, according to the Guardian. The other share of homebuyers are couples, who made up 49% of buyers this year. The Guardian notes it’s a slightly unexpected trend due to the pandemic disproportionately impacting female workers. Industries with high representation of women, such as education and hospitality, were hit hard with shutdowns.
The pandemic has also pushed young working mothers out of the workforce, more so than young working fathers dealing with the same childcare issues, as women took on more household responsibilities during the pandemic.
But overall, the pandemic’s economic impacts have been kinder, and even beneficial, to wealthier Americans regardless of gender. With record-low mortgage rates, more savings from less traveling or eating out and a desire for more space to work from home, buying a home during the pandemic made sense for many Americans, including higher-income women.
Advertisement
Related Stories
Demographics
Gen Z Ranks Housing Affordability as Biggest Concern Ahead of 2024 Presidential Election
While the issue is most important to young voters, 80% of Americans rank housing affordability as a top priority when considering who will have their vote
Demographics
Nearly 80% of Millennials Have Mortgage Rates Below 5%, Gen Z Not So Much
By comparison, just 52% of Gen-Z mortgage borrowers have a rate at or below 5%
Demographics
Despite Having Nondiscriminatory Housing Laws, LGBTQ+ Community Still Can’t Afford Homes in These Areas
In cities where LGBTQ+ people make up the largest share of the adult population, less than 10% of homes are affordable