Women are winning real estate in Indiana
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If the future is female, then we're there, baby — or real estate is, anyway.
The big picture: Sixty years ago, women couldn't get a credit card or mortgage without a male co-signer.
- Now, the nation's share of single women homeowners eclipses that of single men, and overall homeownership is majority female, Axios' Brianna Crane writes.
Why it matters: The gender pay gap and inequitable caregiving responsibilities have historically served as barriers for women.
- But the rise in homeownership accompanies a strong shift toward women-led households, both single and married, Urban Institute researcher Jung Hyun Choi tells Axios.
- In 1990, fewer than a third of total households reported being headed by female breadwinners. In 2021, most households (51%) did.
Zoom in: Census data show nearly 13% of homes in Indiana are owned by single women, compared to 11% by single men, per LendingTree.
State of play: Solo women mortgage applicants made up 18% of the U.S. 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.
The intrigue: In most age groups, women outnumber men.
- Maxwell's report shows Gen Zers and millennials made up the largest share of single women mortgage applicants in 2023.
The other side: Opportunity isn't equal. Single Latina and Black women have the lowest ownership rates of any group in the U.S., Axios' Astrid Galván reports.
- Single women with children also face low ownership rates compared with other groups, including single men with children, Choi's research shows.