Single Women Taking on Real Estate
A few decades ago, a single woman buying real estate on her own was a rarity.
Before the Fair Housing Act of 1968, few women could get approved for a credit card, much less a mortgage, without a husband’s or father’s signature.
Now that’s all changed. In fact, the National Association of Realtors reports that since the mid-1990s, single women have purchased homes at nearly twice the rate of single men.
Last year, single female homeowners made up 18 percent of household composition in the association’s Profile of Home Buyers and Sellers, compared to 10 percent for single men.
Julie Cook, a public relations professional in Michigan, recently closed on her first home, a three-bedroom ranch outside Detroit. After living in New York City and paying sky-high rent for a few years, the Detroit native recently moved back to the area and decided to take advantage of more affordable home…
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