Chicago is No. 3 city for single women to buy a home: study

One in five homebuyers nationwide are single women

TRD CHICAGO /
Mar.March 09, 2020 02:00 PM
(Credit: iStock)

(Credit: iStock)

Single women are increasingly buying homes, and Chicago is the third-best city in the U.S. for them to buy, according to a new study by Compass and mortgage lender Better.com.

Nationwide, one in five homebuyers are single women, and even women who aren’t single are securing loans without their spouses or listing themselves as the primary source of income, the Chicago Tribune reported, citing the study.

In numerical order, the top 10 U.S. cities for single women to buy property, as determined by the study are Atlanta, Los Angeles, Chicago, Seattle, Denver, San Francisco, Washington, D.C., San Diego, Houston and Oakland.

The study surveyed Compass agents and analyzed Better.com mortgage data, determining the top cities for single women to buy property were by the percentage of women applying for loans through the website.

More than half of the agents surveyed said the majority of their clients were women, and more than three-fourths of them said they’ve seen that number increase within the last five years.

The study also determined that single women of color are taking out mortgages more frequently than a year ago and single women are entering the housing market earlier than their male counterparts.

In Chicago, single women own approximately 313,000 homes, compared to about 100,000 homes owned by single men, according to a separate study by Lendingtree.com.

[Tribune] — Brianna Kelly


Related Articles

arrow_forward_ios
Tower of power: a look at who’s buying at No. 9 Walton

Tower of power: a look at who’s buying at No. 9 Walton

Tower of power: a look at who’s buying at No. 9 Walton
(Credit: iStock)

Chicago-area home values saw poor start to 2020

Chicago-area home values saw poor start to 2020
Mayor Lori Lightfoot (Credit: Getty Images)

Chicagoans flee to their second homes

Chicagoans flee to their second homes
854 W. Webster Ave. (Credit: Redfin)

Here are the priciest resi sales in Chicago this week

Here are the priciest resi sales in Chicago this week
From left: Lendlease CEO Steve McCann, and Magellan CEO David Carlins, with a rendering of the Cirrus and Cascade projects (Credit: Lendlease/Magellan/bKL Architecture via Curbed)

Lendlease, Magellan land $283M in construction financing for resi towers project

Lendlease, Magellan land $283M in construction financing for resi towers project
924 N. Clark Street and owner of the mansion, Rishi Shah

Revealed: What accused fraudster Rishi Shah paid for one of Chicago’s grandest mansions

Revealed: What accused fraudster Rishi Shah paid for one of Chicago’s grandest mansions
Wolf Point East at 313 W. Wolf Point Plaza and Nema Chicago at 1210 South Indiana Avenue (Credit: Hines, Nema Chicago)

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch
EquityBuild's Shaun and Jerome Cohen and one of the corporation's properties at 7549-7559 South Essex Avenue (Credit: Google Maps)  

Ponzi scheme fallout: South Side has thousands of distressed apartments

Ponzi scheme fallout: South Side has thousands of distressed apartments
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...