Over the last 30 years, homeownership among women has increased but they’re still underrepresented in the real estate market.
NEWS COVERAGE YOU CAN COUNT ON. >> MONTH AFTER MONTH, RALEIGH’S REAL ESTATE MARKET REMAINS VERY HOT. AND TONIGHT NEW DATA REVEALING JUST WHO IS GETTING THE LOANS AND BUYING HOUSES IN THE AREA. WRAL’S INVESTIGATIVE DATA JOURNALIST ALI INGERSOLL LOOKS INTO WHAT ROLE GENDER IS PLAYING IN REAL ESTATE. >> KELLY CURRIN HAS OWNED THIS RALEIGH HOME FOR ABOUT 9 MONTHS. PURCHASING IT FROM HER LANDLORD IN JUNE 2021. WAS STRESSFUL. THE BUFFALO TRANSPLANT RELOCATED DURING THE PANDEMIC, LEAVING HER CAREER AS AN ICU NURSE TO OPEN A BOUTIQUE FITNESS STUDIO. HERE. IT FEELS LIKE A BOOMING CITY BECAUSE OF THE GROWTH, BUT IT’S NOT SO HUGE THAT YOU CAN’T DRIVE AROUND. YOU CAN’T GET PLACES >> I STILL CAN HAVE A YARD AND HAVE A DOG FIRST-TIME BUYERS. SHE’S ONE OF THOUSANDS OF WOMEN ONLY APPLICANTS TO GET MONEY TO PURCHASE A HOME WOMEN-ONLY BUYERS MAKE UP. 22% OF THOSE LOOKING TO GET A HOUSE IN THE RALEIGH MARKET. WELL, THAT SEEMS LOW. IT’S ACTUALLY HIGHER THAN THE NATIONAL RATE. I THINK THE LOW INTEREST RATES IS WHY YOU HAVE A LOT OF SINGLE INCOME BUYERS. >> BEING VERY AND ARRESTED BECAUSE THAT’S A MORE APPETIZING LOAN THAN SOMETHING WITH A MORE BLOOM. GREAT. >> REALLY ARE. REBECCA SAYS RALEIGH’S COMPETITIVE SELLER’S MARKET IS CHALLENGING FOR EVERYONE TRYING TO BUY A HOME WHILE GENDER SHOULDN’T BE TAKEN INTO CONSIDERATION HOME MORTGAGE DISCLOSURE ACT DATA ON THE FINANCING AVAILABLE TO HOMEOWNERS SHOWS WOMEN HAVE DIFFERENT BUYING EXPERIENCES THAN THEIR MALE AND JOINT APPLICANT COUNTERPARTS ON AVERAGE IN RALEIGH, FEMALE LOAN APPLICANTS RECEIVE A MEDIAN HOME LOAN OF $235,000 WHICH IS $30,000, LESS THAN A TYPICAL LOAN FOR MALE APPLICANTS. THE AVERAGE LOAN TO VALUE RATIO FOR WOMEN IS HIGHER, TOO, SUGGESTING THEY’RE PUTTING DOWN A LESS MONEY WHEN BUYING A HOME COMPARED TO THEIR MALE IN JOINT COUNTERPARTS. >> IT’S NOT ALL HOPE IS LOST FOR A SINGLE INCOME BUYER. IT’S JUST YOU NEED TO BE CREATIVE AND PATIENT AND REALLY WORK WITH THE EXPERTS. WHILE WOMEN ARE STILL UNDERREPRESENTED AMONG HOMEOWNERS, THE HOMEOWNERSHIP RATE HAS INCREASED SIGNIFICANTLY IN THE LAST 30 YEARS. >> IN RALEIGH, ALI INGERSOLL WRAL NEWS. >> AND WRAL HAS A TEAM OF REPORTERS WHO WORK TO KEEP YOU UP TO DATE ON THE LATEST REAL ESTATE TRENDS IN OUR AREA. WE’VE COMPILED THEIR LATEST
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