InvestingMarkets & Economy

Is there a gender gap in homeownership?

RealtyTrac finds single women homeowners face lower home values and slower appreciation than single men
  • The housing gender gap is twofold: homes owned by single women are valued 10 percent less and appreciate 16 percent slower compared to homes owned by single men.

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Although some of the pricier markets are cooling, many buyers struggle to save for a home purchase. The exorbitant cost of renting alone creates obstacles for prospective homeowners, not accounting for high student loan debt. However, affordability and appreciation headwinds appear to increase for women, according to RealtyTrac’s first-ever Housing Gender Gap Analysis. The housing gender gap is twofold: homes owned by single women are valued 10 percent less and appreciate 16 percent slower compared to homes owned by single men, based on a study of 2.1 million single family homes. “The wealth-building effect of homeownership is diminished for women homeowners because of a domino effect of lower wages and lower-valued homes, which then tend to appreciate at a slower pace,” said Daren Blomquist, senior vice president at RealtyTrac. “When we broke it out by years of homeownership, the gap widens.” D.C.: not always in men’s favor Data from the U.S. Bureau and L...