Single Women Homeownership Trends

A recent study by LendingTree reveals that single women in the United States own 2.7 million more homes than their single male counterparts. The study highlights that approximately 13% of single women hold the titles to their homes, while only 10% of single men do. The gender gap in homeownership has slightly increased since 2021, with single women owning 10.76 million homes in 2021, compared to 8.12 million homes owned by single men—a difference of 2.64 million. In 2022, the gap widened to 2.71 million homes, indicating an increase of 70,000 homes from the previous year.

The study sheds light on the challenges women face in wealth creation, as outlined by the Pew Research Center. Social and economic barriers persist, contributing to disparities in homeownership. Additionally, women continue to earn, on average, 82 cents for every dollar earned by men for the same work, according to data from the U.S. Bureau of Labor Statistics.

Despite these challenges, the study highlights the significant presence of single women in the real estate market, with many successfully navigating homeownership. The data underscores the resilience and financial independence of single women in the face of societal and economic hurdles.

This trend of single women outpacing single men in homeownership reflects changing dynamics in the housing market. The study not only provides insights into the current landscape but also emphasizes the need for ongoing efforts to address gender-based disparities and create a more equitable environment for wealth creation and homeownership. As more women achieve financial independence, the real estate industry may witness further shifts in demographics and homeownership patterns.

_{Repurposed article originally published in News Nation}