American homebuyers are becoming more diversified
As nation changes, so do homebuyers
- Single women, financially secure like never before, account for more than twice as many home purchases as single men do
- Single women now purchase 22% of all homes. Single men account for only 9% of purchases.
- The generous assortment of mortgage loans has also helped another emerging demographic: minority homeowners, who now account for 30% of all homes bought.
- During the 10 years through 2005, homeownership among African Americans grew from 44% to 48%, according to Vredevoogd. Among Hispanics it grew from 43% to 49% and among Asians from 51% to 60%.