A new report from ATTOM Data Solutions, the new parent company of RealtyTrac, shows that women are better than men at paying their mortgages on time, and are better with finances in general.
The new study shows that women are less likely than men to go into foreclosure. Overall, men have slightly higher foreclosure rates than women, at 73 out of every 10,000 male homeowners, versus 72 out of every 10,000 female homeowners.
Of those who are married, 0.83% of men go into foreclosures compared to 0.66% of women. That does not include homes that are owned jointly by the couple. Of those who are widowed, 1.12% of men fall into foreclosure versus 0.94% of women.
There is one category where men's performance beats women's performance: Single men have lower foreclosure rates than single women at 0.7% versus 0.73% respectively.
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(Source: ATTOM Data Solutions)
But don’t just take ATTOM’s word for it. In September, the Urban Institute’s Housing Finance Policy Center released a study proving women are better at paying their mortgages than men.
In fact, that study showed that despite a wage gap of about $27,510 annually, women still have better FICO scores, and a better track record when it comes to paying their mortgage.
A recent report from RealtyTrac shows that women are facing a widening gender gap as they buy lower-priced homes and therefore receive less of a return.
Homes owned by single men have a 10% greater value, and appreciate 16% more than homes owned by single women, according to an analysis released by RealtyTrac.
