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Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it!
In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60%of millennial women listed as the primary borrowers on mortgages were single.
According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of Realtors, one in five homebuyers in the U.S. were single females (most of them part of the baby boomer generation) as you can see in the graph below:
This does not come as a surprise since 50.8% of the U.S. population is female and 15.6% of them are 65 years and over, according to the Census Bureau.
Bankrate published an article with what they believe to be some of the reasons:
Not really; The Institute of Luxury Home Marketing recently stated that:
“The number of female billionaires grew faster globally in 2017 than the number of male billionaires. This redistribution of wealth has seen an impact on luxury real estate both in its purchase and design attributes – and obviously, this is important for realtors to recognize when relating to their clients.”
Whether you are a millennial who wants to buy a starter home, a billionaire looking for that luxury home you’ve always wanted, or maybe even someone who just went through a gray divorce, let’s get together to help you create your real estate portfolio so that you can start investing your money in real estate today!
Housing Market Update
Awni & Chantell Abbas
REALTORS
Awntel Property Advisors
Equal Housing Opportunity
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE
Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it!
In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60%of millennial women listed as the primary borrowers on mortgages were single.
According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of Realtors, one in five homebuyers in the U.S. were single females (most of them part of the baby boomer generation) as you can see in the graph below:
This does not come as a surprise since 50.8% of the U.S. population is female and 15.6% of them are 65 years and over, according to the Census Bureau.
Bankrate published an article with what they believe to be some of the reasons:
Not really; The Institute of Luxury Home Marketing recently stated that:
“The number of female billionaires grew faster globally in 2017 than the number of male billionaires. This redistribution of wealth has seen an impact on luxury real estate both in its purchase and design attributes – and obviously, this is important for realtors to recognize when relating to their clients.”
Whether you are a millennial who wants to buy a starter home, a billionaire looking for that luxury home you’ve always wanted, or maybe even someone who just went through a gray divorce, let’s get together to help you create your real estate portfolio so that you can start investing your money in real estate today!
As a homeowner, there are many things to be thankful for. For example, as home values increase, so does your family's wealth. If you're interested in finding out all the benefits of homeownership, let's get together today!
What’s my home worth?
Get a TRUE home value report at
Interested in buying a home or multi-family?
Free property search at www.awntelsellshomes.com
-Awni & Chantell Abbas
Awntel Property Advisors with Hague Partners
5134 N Central Ave #101
Phoenix, Az 85012
Office: 602-472-3489
Mobile: Call or text 480-788-4118
http://cenphxliving.com
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE
Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Waiting until after the holidays to sell your home probably doesn’t make sense.
![The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2018/11/06101004/20181116-ENG-STM-1046x1354.jpg)
Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.
How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are finally beginning to increase – and that dramatically affects home affordability.
According to the National Association of Realtors’ (NAR) September 2018 Housing Affordability Index, wages have increased in every region of the country:
After applying current salaries, home prices, and mortgage rates to their Home Affordability Index equation, the index, though still lower than this time last year (160.1 to 146.7), increased over the last month (141.2 to 146.7). For the complete methodology used by NAR, click here.
The percentage of income needed to own a home has also decreased each of the last three months. It currently sits at 17% which is substantially lower than historic numbers.
If you are a first-time buyer or a move-up buyer who believes that purchasing a home is not within your budget, let’s get together to determine if that is still true.
According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232.
This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original purchase prices.
After the Great Recession, many homeowners were left in negative equity situations but home price appreciation in the recovery period since then has given homeowners something to smile about.
The results from ATTOM fall right in line with data from the latest edition of the National Association of Realtors’ (NAR) Profile of Home Buyers and Sellers. Below is a chart that was created using NAR’s data to show the percentage of equity that homeowners earned at the time of sale based on when they purchased their homes.
Even though those who purchased at the peak of the market netted less than those who bought before and after the peak, the good news is that there was a double-digit profit to be had! Many homeowners believe that they are still underwater which has led many of them to not even consider selling their houses.
If you are curious about how much equity you’d earn if you sold your home, let’s get together to perform an equity review and determine the demand for your home in today’s market!
The current lack of existing inventory on the market has forced many homebuyers to begin looking at new construction. Seeing your home built before your eyes is a wonderful experience, but new construction purchases often come with unique hassles. If you're ready to build your next home, let's get together so we can help ensure that your next home-buying experience is hassle-free!
What’s my home worth?
Get a TRUE home value report at
Interested in buying a home or multi-family?
Free property search at www.awntelsellshomes.com
-Awni & Chantell Abbas
Awntel Property Advisors
5134 N Central Ave #101
Phoenix, Az 85012
Office: 602-472-3489
Mobile: Call or text 480-788-4118
http://cenphxliving.com
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE