Single women have closed one gender gap just to open another. According to a new analysis from loan marketplace LendingTree, single women own more homes than single men do. But while single women may win out on homeownership rates in general, they don’t come out on top financially.
Single women are buying more houses than single men, but they're paying more for it, too.Single women have closed one gender gap just to open another. According to a new analysis from loan marketplace LendingTree, single women own more homes than single men do—about 1.5 million more, to be exact.
In fact, according to a new study from Yale, single women are buying homes for an average of 2% more than their single male counterparts. They’re also selling those homes for 2% less. On a $250,000 home, that amounts to $5,000 either way. The reasons behind the divergence vary, but according to the study, location, timing, choice of initial listing price and negotiating skills all play a role.
The study also suggests that men tend to choose properties with “characteristics naturally associated with higher returns” and that men are more prone to buy risky properties, which often offer a higher return in exchange for that risk. They also tend to invest more in housing maintenances and upgrades.
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