Industry NewsMarkets & Economy

Understanding the Gen Y gender gap

Demographics hold clues to real estate divide

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Most real estate professionals are aware that Millennials as a group are more tech-savvy and diverse than their forebearers. They are also fond of suburbs, and a sense of community is important to them. For demographers, these young 20-somethings are endlessly fascinating for another reason, however: the Gen Y gender gap. In the average metropolitan market, single women in their 20s are earning 105 percent of what their single male counterparts are bringing in, according to James Chung, a speaker at this week's Pacific Coast Builders Conference (PCBC) in San Francisco. Chung is the founder of New York-based strategy and research firm Reach Advisors and co-author of "Demographics: A Glimpse into the Postcrash Environment," an article that appeared in Urban Land Magazine in March. See related article:Suburbs are the future of homeownership Single women are "beating the pants off" single men in urban areas, Chung said. Women still ea...