Single Women’s Increasing Impact on the Housing Market

first_img Although a study last fall showed the coronavirus pandemic hitting working women harder than their male counterparts—a “she-cession,” the phenomenon has been called—a newer report by Redfin shows single women purchased 9% more homes in the fourth quarter than a year ago, compared with a 4.5% increase for single men.Redfin’s researchers had previously reported that the pandemic-driven recession forced women out of the workforce at a greater rate than men,  especially women of color.“This is another illustration of America’s uneven financial recovery,” said Redfin Chief Economist Daryl Fairweather. “While millions of women have lost their jobs during this recession, the impact has largely been on lower-income women. Meanwhile, most women who were able to afford homes before the pandemic are likely still able to afford homes, and low mortgage rates—especially at the end of 2020—have been incentivizing them to buy.”Women tend to buy less expensive homes than men. The typical home purchased by single women in Q4 sold for $294,000, up 15% year over year. Single men averaged $310,000, a 17% year over year increase. Couples paid an average of $430,000, which is a 15% uptick.For single women, the median monthly mortgage payment was $1,052 in the fourth quarter, compared with $1,125 for single men and $1,535 for couples.Boston tops the list of U.S. metropolitan areas in which home purchases by women are growing, reports Redfin’s Dana Anderson.In Boston, single women made up 25.4% of home purchases in the fourth quarter, compared with 23.3% for single men.A new homeowner in Los Angeles spoke with Redfin about her experience:“I was originally saving for a down payment with a goal of buying my own home in 2021, but interest rates dropped so much with the pandemic that I was able to buy a condo over the summer,” said Sarah Stecker, who bought a two-bedroom condo in Los Angeles in July. “The down payment was the biggest hurdle, but now my monthly mortgage, including HOA fees and property taxes, is just slightly more than I was paying in rent on an apartment in the same neighborhood, and my condo is twice the size. Now, instead of paying my landlord’s mortgage, I’m building equity for my own bank account. I hope to eventually use some of the equity to buy a bigger home for myself and hold onto the condo as a rental property.”The entire report, along with the methodology and a breakdown by metro area is available at Redfin.com. Single Women’s Increasing Impact on the Housing Market Share Save Servicers Navigate the Post-Pandemic World 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Demand Propels Home Prices Upward 2 days ago 2021-03-03 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Subscribe Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Home / Daily Dose / Single Women’s Increasing Impact on the Housing Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Previous: Forbearance Activity Up for the First Time in Weeks Next: Metros With the Highest Credit Scores Sign up for DS News Daily March 3, 2021 10,812 Views last_img read more

Bedbugs!!! Begin Off-Broadway Invasion

first_imgNew Yorkers may have previously thought they were their worst nightmare, but apparently Bedbugs!!! are a laughing matter after all. The girl-meets-bug sci-fi-rock-musical-comedy begins performances off-Broadway on September 9 at the ArcLight Theatre, where it will run through October 26. Opening night is set for September 14. Robert Bartley directs and choreographs. Bedbugs!!! The cast includes Chris Hall, Grace McLean, Nicholas Park, Brian Charles Rooney, Danny Bolero, Tracey Conyer Lee, Barry Shafrin, Gretchen Wylder, Courtney Bassett and Colin Scott Cahill. View Comments Related Shows Featuring music by Paul Leschen and a book and lyrics by Fred Sauter, Bedbugs!!! follows Carly, an exterminator, who is hell-bent on avenging her mother’s bedbug-related death. In an effort to permanently rid the city of its infestation, she accidentally mutates the pests into an army of human-size, intelligent, carnal creatures out for blood and world domination. The tuner premiered at the New York Musical Theatre Festival in 2008. Show Closed This production ended its run on Nov. 2, 2014last_img read more

Bayern dominate Best Player shortlist

first_imgFour Bayern Munich players have been named on Uefa’s 10-man shortlist for the Best Player in Europe award.Bavarian quartet Thomas Muller, Franck Ribery, Arjen Robben and Bastian Schweinsteiger are all nominated for the prize after their treble-winning 2012-13 campaign and join Borussia Dortmund’s Robert Lewandowski in a Bundesliga-dominated line-up.Also on the list are four-time Ballon d’Or winner Lionel Messi of Barcelona and Real Madrid’s Cristiano Ronaldo, who scored a stunning 107 goals between them last season, with the Argentine lifting the Liga title with the Blaugrana.The Premier League’s Young Player of the Year Gareth Bale also features on the list after scoring 31 times for club and country last season and he is joined by Manchester United’s Robin van Persie in players nominated from England.The Dutchman enjoyed a prolific first season at Old Trafford, scoring 30 goals from 48 appearances in all competitions as he helped guide his side to the Premier League title.Zlatan Ibrahimovic, who was a major force in helping Paris Saint-Germain win Ligue 1, is also in with a chance. The imposing Swede grabbed 37 goals during his first season at the Parc des Princes – a campaign which also saw PSG reach the quarter-finals of the Champions League before bowing out on away goals to Barcelona.last_img read more