Ever since the financial crisis, the amount of single female homebuyers has significantly slumped due to lenders making it more difficult to qualify for a mortgage.
According to an article in Bloomberg, after the housing crisis, the percentage of single female buyers dropped from 21% of purchasers in 2009 to 15% this year.
But this is about to change.
The article explained that rising incomes might have a lot to do with it since traditionally single female homebuyers have stretched their budgets to buy homes.
And that’s not the only thing helping their case. The article added that many of the investors that shopped in the same price range as single female homebuyers are dropping out, opening the door for them.