Why Single Ladies Are Buying a Place of Their Own
Kristen O’Connor, a first-time homebuyer who closed on a home last September, says she’s “a little bit of a rarity” among her friends as a single woman with a mortgage.
“I can’t pick out another person like me in my close-knit group who has purchased a house,” says O’Connor, a 30-year old attorney in Nashville. “Most of them are either married and buying or buying with a significant other if they’re not married.”
But O’Connor is far from alone. As it turns out, single women have been the second-largest homebuying group behind married couples since at least 1981, when the National Association of Realtors® started tracking the household composition of homebuyers. That trend is consistent among first-time and repeat purchasers.