Single Women Buyers Growing Market Segment
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The real estate market is seeing the entry of the single woman buyer of properties. Many women who have decided that the need for equity in a home is more important than waiting to proceed in the traditional marketplace, have decided to try to get housing on their own. Single women accounted for 21 percent of home transactions in 2005.
Those traits also led Ravech, 34, to buy a half-million-dollar condominium in the Back Bay in 2004, also alone.
”If I had someone to share it with, the experience would have been great, but I don’t want to miss out,” she said.
In the 1970s and 1980s, women streamed into the workforce. In the 1990s, they pursued equal treatment in their jobs. Today, they buy real estate.
Single and divorced women accounted for 21 percent of US house buyers last year, matching 2003’s record and up from 14 percent in 1995, according to the National Association of Realtors’ 2005 Profile of Home Buyers & Sellers released last month. In Massachusetts, where unusually high house prices make it difficult to afford property on one income, single women were 15 percent of 2005 buyers. via The Boston Globe
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