Bloomberg is reporting that 2016 could be a good year for women looking to buy real estate, particularly in cities where their incomes are rising faster than those of single men. Reporting on data from Redfin and paired with Census data, they note that for over a year the majority of respondents to a prospective homebuyer survey have been women.
Beyond higher wages, here’s another factor that could bring single women back to the market: Because of their lower household incomes, single women often shop in the same price range as investors looking for rental properties. Such investors played a smaller role in many local housing markets in 2015 than in previous years. If they continue to recede, that might make buying even more affordable for single women, said Jessica Lautz, managing director of survey research for the National Association of Realtors.
