According to NAR, since 1981, single women have purchased homes more than single men and account for 17% of homeowners. Homeownership has financial and emotional benefits that benefit all genders. Where we see a rise in women homeowners in the past 30-plus years, we want to outline some of the benefits of homeownership women experience and why The Triangle is a great place for investment and living.
"For single women, housing has always made up a large share of total assets. Over the last 30 years, the average single woman's wealth has increased 88% on an inflation-adjusted basis, from just over $142,000 in 1989 to $267,000 in 2019, and housing has remained the single largest component of their wealth." Ksenia Potapov, Economist at First American Women want to be homeowners to build wealth. From generating income from a rental property to building equity, homeowning is a financial boon.
According to NAR, the reasons single women purchase homes relate to wanting to be close to loved ones, the desire to own a home, and a change in family situation. Where these changes take place in families or to be close to a loved one, OR simply to own a home. The Triangle is an excellent investment and place to call home, for multiple generations.
Why Live and Buy in The Triangle
If wealth generation and multigeneration living are on your mind, as a single woman, The Triangle presents an excellent opportunity. We have some of the best aging-in-place communities for advanced care for seniors, and flexible housing for multigenerational living. Additionally, the lifestyle in The Triangle offers something for all ages and situations. The proximity to Universities, nature, five star and more simple dining, make this a very friendly place to live. In fact, we have one of the best housing markets in the south and livability rankings in the US.
If you are interested in buying in The Triangle, please contact My NC Homes for an introduction to neighborhoods and housing options that best suit your needs. We have decades of experience in this market representing new home buyers, existing home buyers, and those looking for multigenerational options.Contact us today!
Posted by Larry Tollen on