Today's Date: April 17, 2021
Half of Kids with Inflammatory Syndrome After COVID-19 Have Neurologic Symptoms   •   Biden administration forces taxpayers to fund the trafficking of aborted baby body parts, says Family Research Council   •   Labcorp to Webcast Its Annual Meeting of Shareholders   •     STI Awareness Month: Rachel Zar, Relationship and Sex Therapist on Staying Safe Between the Sheets   •   Health Foundation of South Florida, Miami-Dade and Broward counties partner to launch locally produced, multi-media COVID vaccin   •   Citizens for a Pro-Business Delaware Joins Pastor Hackett's Protest for Diversity on Chancery Court   •   Wildflower Strengthens Commitment to Black Maternal Health with New Tools, Resources for Black Mothers   •   Boutique Air Announces New Las Vegas-Merced Route   •   USA Fashion to Manufacture a Collection of Solid Basic Apparel as a Core Offering of its USA Fashion Women’s Clothing Bran   •   CUPE Lays Out Priorities for Budget 2021   •   Cymbiotika Launches Mother’s Day Bundle   •   Wrangler® Unveils Global Sustainability Platform: WeCare Wrangler™   •   /C O R R E C T I O N -- SWAIA/Santa Fe Indian Market/   •   New Invention Stops Costly Snags with Face Mask Strings   •   Government of Canada COVID-19 Update for Indigenous Peoples and communities   •   One Voice Children's Choir Uses Their Voices to Raise Awareness of Their Nonprofit with "Little Voice"   •   Make Reading Part of Your Mother's Day Celebration   •   Franklin Covey Co. Named to 2021 Training Industry Top 20 Training Companies List For 10th Time For Best-in-Class Leadership Sol   •   Reynolds Consumer Products Inc. to Report First Quarter 2021 Financial Results on May 5, 2021   •   Global COVID-19 Vaccine Inequalities Are Scandalous, Says AHF
Bookmark and Share

On International Women's Day, Credello Explores Gender Inequality in the Housing Market

On International Women's Day, Credello Explores Gender Inequality in the Housing Market

PR Newswire

NEW YORK, March 8, 2021 /PRNewswire/ -- Single women are becoming homeowners at a faster rate than single men (score!), accounting for 19% of first-time buyers compared to 11% of unattached men1. The median age of these female buyers is 33. Great, right? 

Millennial ladies are shoving the men aside and ascending the throne of real estate royalty. They're deciding that home ownership is worth it—after knowing what it's like to rent and understanding the benefits of owning a home, like having the option of taking out a home equity loan for debt consolidation. However, a closer look at the data shows that women ultimately purchase homes at higher prices and sell them at lower costs than men (boooo!).  

Why single women are invested in home ownership

Women are getting married and having children later in life, focusing more on their careers. They make up just over half of all payroll jobs in the U.S., coming in at 50.04%2. They have the resources to purchase real estate and realize that home equity is both a smart investment and a tax benefit. This might explain why single women own approximately 1.5 million more homes than single men in the 50 largest U.S. metro areas.3  

But once you parse the data, the outcome for women is shown to be far less encouraging. One recent study4 from Yale shows that single women purchase homes for 2% more than single men. When mortgages are taken into account, assuming 20% down and 80% financed, this increases to about 7%.  They then sell their homes for 2% less. So, what's the deal?  

5 reasons why women lose overall in home ownership

1. Less purchasing power: Women currently earn 81 cents on the dollar compared to men, translating to less purchasing power when it comes to buying homes. This likely contributes to the fact that single men buy more expensive homes. The median home purchase price for single men is $215,000, compared to $189,000 for single women1.    

2. Homes appreciate slower: Homes owned by single women are less valuable and consequently appreciate at slower rates. Furthermore, one study shows that this gap widens over time. After 15 years, homes owned by single men were worth 17% more than homes owned by single women5.  

3. Women negotiate lower discounts: The Yale study notes that single women receive smaller discounts on homes than single men do. Women also agree to bigger discounts when selling.  

The biggest price discrepancy happens when a woman is selling and a man is buying. And it looks like there's a reason why they don't try to play hardball. Research shows that women who negotiate are viewed less favorably than their deal-making male counterparts6.  

4. Men take more risks; make upgrades: Men are more likely to purchase riskier properties than women, which can offer higher returns. Guys are also more likely to invest in housing upgrades.  

5. Men have better market timing: Single men have better market timing than single women. No, men don't have a crystal ball or a tingling spidey sense for when the market is hot. One hypothesis from the Yale study is that women deal with more time constraints on when they can buy and sell due to them being more likely to have children/care for dependents.  

[1] National Association of Realtors 

[2] USA Facts 

[3] LendingTree 

[4] Yale University 

[5] RealtyTrac 

[6] Harvard University 

Cision View original content:

SOURCE Credello

Back to top
| Back to home page

White House Live Stream
Breaking News
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News