All The Single Ladies
Beyoncé was just in Nashville – but I’m not talking about putting your hands up in the club. I’m talking about single women and home ownership. In the 1950’s, the median age of American women marrying for the first time was 20 – today it has risen to 27. In the 1950’s, if a woman had a job, she was typically a teacher, secretary or nurse. Today, women are surgeons, scientists, business owners and CEO’s of Fortune 500 companies. Women today don’t feel the need to be in a relationship before they start settling down, owning a home and even investing in real estate.
The National Association of Realtors reports that single women equal 15% of all homeowners. Over the past four years in my personal business, nearly 20% of all our clients have been single women. Some have never been married, some are divorced. Some have partners but want to own something on their own. Some have purchased properties for investment purposes and have a monthly income from their properties.
The Home Story tells us that while men are living with their parents longer, women want to own something and start building community. They may consider their current or future relationship in their home buying decision but it is not the deciding factor.
If you are a single female, living with your parents or renting a place, consider home ownership. Yes, it can be scary, but it is also empowering. Sign up for some workshops at your local hardware or home store. Learn how to lay tile, change out a faucet or install a dimmer switch. You don’t need to wait for someone to “put a ring on it” in order to take advantage of home ownership and all it offers. Talk to a local lender and Realtor. Let them explain the process, step by step. Let them guide you to the right loan products and housing options for you. Women are strong and resilient. Women can do anything – especially own a home!
Michelle Froedge is a residential Realtor and Principal Broker in the Greater Nashville and Williamson County areas of Tennessee. “Mom” to four-legged fur baby, Tyler, Auntie to Zelamie, she is a vegetarian and sings in her spare time. Michelle has lived in Nashville and Franklin since 1997 and has been selling homes since 2004.