ATTOM Data Solutions released last week new data that suggests that despite gains in closing the gap in gender pay discrepancies, single men are more likely to be homeowners than single women. The analysis shows that on average single men owned over 1 million properties with the average value just over $300,000, and single women owned just under 1 million properties with the average value just under $300,000.
“According to the US Census Bureau, women earn 80.5 cents for every dollar a man earns, which in turn gives them less purchasing power when it comes to buying a home,” said Jennifer von Phlmann, director of PR for ATTOM. “Therefore, it’s not surprising to see almost a $30,000 home value gap between single men and single women homeowners.”
The data showed that six of the top ten metro areas with the biggest gender gap are in California.
Today, conforming no-point 30-year fixed mortgage rates are averaging 4.25 percent, 15-year rates are near 3.75 percent and the 5-year ARM is averaging 4.25 percent.
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