It’s Women History Month—a time dedicated to the commemoration and education of what women have achieved throughout history. While it’s important to reflect on key milestones, such as women being able to legally vote or own real estate, there are big things happening today for women, too!
According to Redfin, “Despite the fact that the coronavirus-driven recession disproportionately impacted women in 2020, single women purchased 9% more homes in the fourth quarter than a year ago, compared with a 4.5% uptick for single men.”
That’s right—even though the recession hit women hardest (especially women of color) and forced them out of the workforce at a greater rate than men, we’re seeing more single women buying homes than single men.
Achieving Homeownership
With record-low mortgage rates, single women are seizing the opportunity to become homeowners. Redfin reports that most women who were able to afford a home pre-pandemic are likely still able to afford a mortgage.
I’ve helped single women sell their homes and achieve their dreams of being an independent homeowner. The first step to achieving this goal: believing that it is possible.
“I was intimidated by the fact that housing prices in California sounded like so much money. It didn’t seem possible,” said Upland homeowner and past client Emily Laskey. “The best thing I did for myself was find out what I qualify for, what a payment would look like, and how that would affect my budget. I wish I had actually bought a house sooner and put the misconceptions aside in my mind.”