Everything about real estate business


Women Drive Real Estate Purchases

Women are working more, earning more andDecember 2006 study by the National
buying more than they ever did. Consequently,Association of Realtors (NAR) was that about
they have a significant influence on the22 % of homes purchased between July 2005 and
American economy in general, and the realJune 2006 were by single women who were in
estate  industry  in  particular.the 25 to 34 age range. Women accounted for a
record number of 1.76 million home purchases
The collective buying power of US women(1 in every 5 homes), a significant increase
accounts for about 85 % of all consumerfrom 14 % a decade ago. Women's growing
purchases. When it comes to purchasingsuccess in their careers, higher education,
patterns, women are estimated to make 94 % offinancial independence and a desire to build
home furnishings decisions, 91 % of new homesan early nest on their own, are some of the
purchase decisions, and 89 % of travelreasons that have spearheaded this home
decisions.buying  trend.
Women's earnings have accelerated over theAmong the vast demographic spectrum in the
last few years and they have emerged as thereal estate industry, women have become a
Chief Purchasing Officers in theirforce to reckon with. Real estate agents are
households. According to IRS data, womenincreasingly taking note of their female
constitute 39 % of the top wealth holders inclients and the power they wield in home
the country. This means about 2.5 millionbuying decisions. By the influence that they
women possess a wealth of $4.2 trillion putbring into play in home buying decisions,
together. Notably, the IRS estimates that bywomen form a significant and growing market
2050, 42 % of these women will be single orthat  simply  cannot  be  ignored.
widowed. The IRS further estimates that more
wealth is bound to be accumulated amongIf you are considering buying a home, condo,
women.or any other real estate, be sure to seek out
the services of a local real estate agent to
Another growing trend that emerged in aguide you through this complex process.



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