Florida Trend
In Florida, single women own more homes than single men. It’s part of a national trend. Single women lead in homeownership. The gap in Florida is big: 4.55%. That’s almost 2% more than the national 2.84% average.
Driving Factors
Several reasons fuel this trend. Single women often have kids at home, pushing them to buy houses. They prioritize homeownership highly. Their readiness to cut costs for a home puts them ahead of men.
Economic Empowerment
Money matters let young single women buy homes. In some spots, women under 30 make as much or more than men, boosting their purchase power. It’s clear in places like New York, Washington, D.C., and Los Angeles. Here, women under 30 pull in at least what men under 30 do. In 107 metros, they earn 90% to 99% of men’s pay, helping them buy homes even though women generally earn less.
Legal Milestones
Single women’s path to owning homes was tough. Before the ’70s, laws blocked them from getting loans without a man. Society and laws kept them dependent, especially in property and credit. Then, 1974 changed everything. The Equal Credit Opportunity Act stopped credit discrimination based on sex or marital status. Women could finally get mortgages on their own, kickstarting a rise in female homeowners.