Feb 2, 2024 - News

💪 Women are winning real estate

Share of housing units owned and occupied by single women, 2022
Data: LendingTree; Map: Alice Feng/Axios

Sixty years ago, women couldn't get a credit card or a mortgage without a male cosigner, Axios' Bri Crane writes.

State of play: Census data show that 13.9% of homes in North Carolina are owned by single women, compared to 10.1% by single men.

Driving the news: Solo women mortgage applicants made up 18% of the market in 2023 — a share that's slowly grown since mortgage platform Maxwell started tracking applicants' gender and marital status in 2021.

  • One in three women with partners bought alone because they were in a stronger financial position to do so, Maxwell's annual Single Women Home Buyer Report found.

Yes, but: Opportunity isn't equal. Single Latina and Black women have the lowest homeownership rates of any group in the U.S.

The intrigue: Maxwell's report shows Gen Zers and millennials made up the largest share of single women mortgage applicants in 2023.

Read the full report: Women are winning real estate

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