Single Women Much More Likely to Purchase Real Estate
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Single woman are more likely to purchase a home now than ever before a CBS report shows. The trend shows that last year 1.5 million homes were sold to single women, twice the rate that were sold to single men.
It’s a trend that is reversing the traditional pattern, in which women wait to get married before taking the plunge into the housing market.
Mariela Azcuy is 29 years old and single. Three months ago, she gave up her rented apartment in New York City and bought her very own one bedroom. She needed a five-year adjustable rate and 30-year fixed rate mortgage to afford it. But the financial burden doesn’t scare her. She sees it as an accomplishment.
“It makes me think I made a smart financial decision and I’m on my way to making other smart financial decisions in my future,” Azcuy said. “It’s one of the most satisfying things I’ve ever done.”
And Azcuy is in good company. Judith Lief is a realtor in New York City and says about 30 percent of her clients are single women, while few are single men. via CBS News.
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