Why Do More Single Women than Single Men Buy Houses?
For decades, single women in the United States have been outpacing single men when it comes to buying homes, a trend that has been attributed to their increasing financial independence and their desire rely on the fantasy of men being their “prince charming”, rescuing them financially.
But as single women have grown to be an indisputable force in the housing market, a compelling question about single men has arisen: why are single women twice as likely to be home buyers?
A study published by the National Association of Realtors shows a continuing gap, with single women accounting for 21 percent of recent home buyers and single men are at about 9 percent.
The share of single male buyers has remained steady at around 10 percent since 1993 but has never eclipsed the percentage of single female buyers.
Single women account for 21 percent of recent home buyers.
Certainly the buying gap between the sexes cannot be attributed to men's inferior earning power because women in the United States earn about 76 cents for every dollar that men make, according to the Census Bureau. Few senior executives at American companies are women. And not one woman is at the helm of a Fortune 100 company.
The answer to the females over males home buying question requires more than an analysis of dollars and cents.
- Women have a natural tendency to nest. Women gravitate towards home making and therefore desire a home more than a man.
- Women tend to be more organized, they have the wherewithal to formulate what is required to plan for and obtain a home loan.
- Homeownership gives women a sense of accomplishment and empowerment.
- Single moms want a home to raise their children and a sense of community and belonging in a neighborhood.
Single Male Home Ownership Perspective
- They consider buying a home detrimental to their independence, as it attaches them to one location.
- For many single men without children, buying a home is a commitment akin to getting married — and they are content to put it off.
This is not a battle of the sexes. It is a battle of semantics.
Both men and women view their decision to buy or not buy as a declaration of independence, though they have cultivated very different definitions of "independence." And as women have more financial advantages than in the past, they are able to realize their desires — and perhaps make up for lost time.
I think women, when they get to a certain age, they don't think they're going to get married," she said, "so they purchase for life."