The Growth of Single Households: Singles Make Up Quarter of All Buyers
Source: REALTOR® Mag
Single buyers comprised a quarter of all home purchases last year, according to the NATIONAL ASSOCIATION OF REALTORS®. The living solo trend is evident in the country’s 33 million one-person households. Young adults ages 18 to 34 are the fastest-growing group of people living alone.
Homeownership: Where Single Women Prevail from
Source: The New York Times
Single women are buying at roughly twice the rate as single men, as they accounted for 16 percent of home buyers last year, while single men accounted for only 9 percent. Men haven’t caught up to women, who began to outpace men in home-buying in the late 1990s. As the primary earners in their households, women more than ever before are the breadwinners with the financial resources to plan for their future.
- Solo households are also mostly women: 18 million women live alone versus 14 million men. Twice as many single women bought homes as did single men in 2012.
- In 1970, one-person households represented just 17 percent of all households. The growth in this number is a historic change in human society.
- Around 11 million Americans living alone are elderly, and the majority of solo households are in cities and metro areas.
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