Women work longer, earn more and buy more than ever. Therefore have a significant influence on the U.S. economy in general and real estate sector in particular. The collective buying power of women in the United States represents about 85% of all consumer purchases. When it comes to buying habits, women estimated that 94% of the decisions of home furniture, 91% of new home buying decisions, and 89% of travel decisions. women’s incomes have accelerated in recent years and have emerged as leaders in the purchase of your home.
According to IRS data, women constitute 39% of the holders of wealth in the highlands. This means about 2. 5 million women have a wealth of $ 4. 2 trillion combined. In particular, the IRS estimated that by 2050, 42% of these women are single or widowed. The IRS also believes that wealth is tied more to accumulate in women. Another trend that has emerged in December 2006 a study by the National Association of Realtors (NAR) was only about 22% of homes purchased between July 2005 and June 2006 were to unmarried women who were in the range of 25 34.
Women represent a record number of 1. 76 million home shopping (1 every 5 units), a significant increase of 14% ten years ago. growing success of women in their careers, higher education, financial independence and the desire to build their own nests very early, are some of the reasons behind this trend of buying a house. Among the wide range of people in the real estate sector, women have become a force to be reckoned with. Estate agents are increasingly taking note of its customers and power of women in the home buying decision.
Through the influence come into play in the home-buying decisions, women constitute a large and growing market that simply can not be ignored. If you are considering buying a house, condo or other property, be sure to seek the services of a local real estate agent to guide you through this complex process.