Wednesday, August 17, 2011

Who do think will be driving the real estate market in the next decade? Men or Women?

The most recent nationwide studies by Florida Realtors and the National Association of Realtors has revealed that the number of female buyers has been growing substantially. I am seeing a similar trend. Based on the calls that I have been receiving, more single women are looking for homes to purchase than are single men.  In fact,  I am currently working with three times the number of single females than I am men.

In Florida, single men accounted for 11% of total buyers in 2010 compared to women at 18%. In a study by the Meredith Organization titled "The Rise of the Real Mom", only 44% of men considered buying a home important, compared with 74% of women.  It's women who still hold the American Dream of owning a home more sacred than their male counterparts.

Another study by Boston Consulting Group estimates that women control 73% of U.S. household spending and approximately $4.3 trillion of the $5.9 trillion in consumer spending. Let's face it; if it were just us men who controlled the spending, I am afraid we would hover between a deep economic recession or depression on a regular basis. I know I'm generally content to stay in the house we own now, on the same comfortable sofa that's only, well,  nine years new. For "Moore on Real Estate" by Palm Beach Real Estate Guy please visit http://www.realestateinpalmbeach.net/

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