One-Third Of Condos Purchased By Single Women


by Mark Nash - Date: 2007-02-05 - Word Count: 259 Share This!

Who knew that single women are gaining important strength in home purchase decisions? One is The National Association of Realtors(r) (NAR) and the other is a Fannie Mae study from 2003. Fannie Mae projects that by 2010 thirty-one million households in the United States will be headed by women. That's an impressive number, one not lost on businesses like home improvement, furniture and other nesting-oriented corporations.

Plus single women home buyers purchased 1 in 5 homes in 2003, far outpacing single men who bought 1 in 10 homes in the same year. NAR also reported that single women are more than nine percent more likely to own their own homes than men. On top of these impressive primary residence numbers, single women also purchased thirteen percent of all second, resort or vacations homes in 2003.

What single women home buyers are looking for:

-Properties that show a history of being well maintained and managed.

-Close access to mass transportation for commuting to work.

-Walking neighborhoods. On evenings and week ends, they prefer to walk to coffee shops, restaurants, services and grocery stores.

-Off-street parking. Well lit and secure outdoor or indoor parking.

-Pet friendly buildings. Many enjoy the company of cats and dogs, even if they don't currently own one, they look for a property that allows them.

-Newer construction or gut-rehabs. Without the time and patience for major renovation, they choose move-in condition over large projects.

-Out door space. A place for the barbeque, bistro set and flower boxes on a convenient balcony or patio.

-Fireplaces, kitchen islands for entertaining and walk-in closets.

-Home office alcove or second bedroom.


Related Tags: women, tips, home, advice, expert, news, trends, condos, mark nash, buyers, condominiums, statistics, experts

Mark Nash is the author of five real estate books, new for 2007; Real Estate A-Z for Buying & Selling a Home. William J. Sittig, Chief of the Science, Technology and Business Division of The Library of Congress has invited Mark to make a presentation on 1001 Tips for Buying and Selling a Home to the members, public and staff of the Library on March 21, 2007. Nash has been featured on Bloomberg Video-on-Demand, CBS The Early Show, CNN, and The Today Show. He is a syndicated columnist for RealtyTimes.com and reviews books for MyShelf.com and The Midwest Review of Books.To subscribe to his free monthly ezine; Agent to Agent visit: http://www.AgenttoAgentezine.com.

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