Study: Homeownership Makes You More Attractive

Study: Homeownership Makes You More Attractive

February 14, 2019
Nearly 60 percent of millennial singles say that homeownership makes a potential mate a lot more attractive, according to a new survey conducted by realtor.com®. Women were more likely than men to find homeownership attractive (48 percent versus 43 percent).
“Attractiveness is in the eye of the beholder, and this survey data suggests that many beholders find homeownership attractive, perhaps using it as a signal for financial savviness and success,” says Danielle Hale, realtor.com®’s chief economist. “Single millennials seem to find homeownership in a potential partner especially attractive, even if only one-quarter feels that it is important.”
Overall, 24 percent of 500 single respondents of all ages surveyed said they felt it was important for their partner to be a homeowner.
Homeowning folks are most likely to be found in the South and Midwest, the survey found. The greatest share of single male homeowners was found in Detroit, in which about 23 percent of all single males owned a home. Detroit was followed by St. Louis at 21.3 percent, Minneapolis at 21.3 percent, Cleveland at 21.2 percent, and Pittsburgh at 19.9 percent.
“These markets have a high volume of young people, and relatively low median listing prices,” realtor.com® notes in its study. For example, Detroit and St. Louis median list prices are $220,000 and $198,000, respectively.
Single women are one of the fastest-growing demographic segments in the housing market, according to realtor.com®. Homeowning females are likely to be found in Detroit, where 23 percent of single women own a home, followed by Baltimore (21 percent), Charlotte, N.C. (21 percent), Philadelphia (21 percent), and Minneapolis (21 percent).
“Strong job opportunities and growing economies that draw many young professionals to the areas are also helping keep them in these markets as homeowners,” realtor.com® notes in the study. “Affordable home prices have also helped singles achieve homeownership in these markets.”
Source: 
“Owning a Home Could Help You Get a Date With That Special Someone,” realtor.com® (Feb. 7, 2019)
Source: https://magazine.realtor/daily-news/2019/02/14/study-homeownership-makes-you-more-attractive

Popular posts from this blog

Advice Young Adults Need to Avoid Buyer’s Remorse

Advice Young Adults Need to Avoid Buyer’s Remorse March 4, 2019 Most young adults have financial regrets about their home purchase, a new Bankrate survey shows, but much of their grief could have been avoided with proper planning. That’s where you come in: Younger buyers have a need for more professional guidance about the costs of homeownership. Sixty-three percent of millennial homeowners—more than any other generation—expressed buyer’s remorse, most often pertaining to closing costs, home maintenance, and other hidden expenses, according to the survey of more than 2,000 consumers. “When you buy a house, you can’t call the maintenance company or a landlord to fix major issues; it’s all on you,” says Luis Rosa, a financial planner in Henderson, Nev. Extra expenses, such as needing a new air conditioner, furnace, or water heater, often catch first-time buyers by surprise, Rosa adds. “I always advise home buyers to create savings buckets and open a savings account
Read more

Housing Slowdown Doesn’t Scare First-Time Buyers

Housing Slowdown Doesn’t Scare First-Time Buyers March 4, 2019 Despite recent declines in home sales, sluggish growth in single-family home construction, and mounting affordability concerns, first-time buyers are outperforming other segments of the market, according to a new report released by Genworth Mortgage Insurance. “The first-time home buyer market has been more resilient during the [housing] slowdown compared to repeat buyers,” writes Tian Liu, chief economist at Genworth Mortgage Insurance. About 482,000 first-time buyers purchased homes in the fourth quarter of 2018. Though that’s 3 percent lower than a year ago, it bests the 7 percent year-over-year decline in repeat buyer activity, according to the report. “This is a reminder that first-time home buyers differ from other buyer groups in terms of why they buy,” Liu notes. “Their purchase decisions are more likely driven by the fact that many are starting families and reaching peak homebuying ages. Even
Read more

What Buyers Should Ask After a Home Inspection

What Buyers Should Ask After a Home Inspection October 9, 2018 You are here Home News and Commentary Daily News What Buyers Should Ask After a Home Inspection Share Facebook Twitter LinkedIn Print October 9, 2018 After an inspector has finished a home report, buyers may feel overwhelmed by any flaws that might have been found. That’s why it’s important they take the opportunity to learn more so that they can move forward confidently in the transaction. A recent article at realtor.com® recommends home buyers ask their inspector clarifying questions like: “I don’t understand this; what does it mean?” or “Is this a major or minor problem?” and “Do I need to call in another expert for a follow-up?” Home inspectors are bound to uncover something in a home; no home is perfect. But the majority of the problems they uncover will likely be minor. Have the home inspector clarify which problems fall within the “minor” or “major” categories. Keep in mind: “The inspector can't tel
Read more