Single Women Home Buyer’s Come in Second Place

According to recent studies in the housing industry which include the National Association of Realtors; single women are the second largest group of homebuyers. Next to married couples, single women bought 20% of the homes purchased in 2005. Single men stand at 9% of the homes purchased.

In general, women live longer and are now motivated to purchase homes desiring financial independence, security, and the sound investment that home ownership brings to their retirement. With low interest rates, first time buyer programs, loan programs specifically geared toward women, high divorce rates, and lenders now including child support payments as income, women are moving in the direction of home ownership at a fast pace.

The Metropolitan Indianapolis Board of Realtors reports the central Indiana housing data is as follows:

• Average sales price in December 2005 was $149,382
• Average sales price in December 2004 was $148,650
• Currently there are 17,464 active properties on the market.

As we enter our spring market, this is a great time to consider purchasing a home in or around the Indianapolis area!

If you are interested in learning about some of the loan programs available to you and being pre-qualified for a loan, feel free to E-mail me or contact me directly at 317-250-0129.