[CITY] Real Estate News

Single clients often depend on practitioners for emotional support
as well as transaction knowledge.

Nationally, 25% of buyers are single, according to the latest Profile of Home Buyers and Sellers from the National Association of REALTORS, with nearly twice as many single women as men (16% vs 9%) purchasing homes. Though the share of homes bought by singles has been stifled in recent years, first by the recession and then by tight lending conditions, many practitioners are finding success serving single clients, regardless of their own marital status. The bond between those real estate pros and their single clients can be especially strong. "Buying and selling real estate and moving is already a highly emotional process. If you're doing it alone, it can be scary and stressful," says Tiffany Stevens, GRI sales agent with Phyllis Browning Co in San Antonio. "I keep that in mind when working with my single clientele so that they never feel like they are completely alone in the process," she says.

Unmarried people may, in fact, have more frequent real estate needs than couples and families because they tend to be more mobile. Between 2012 and 2013, 12 million never-married and 3 million divorced people moved homes compared with 9.9 million marrieds, according to Census Bureau data. Christopher Mills, sales agent of Keller Williams Capital Properties in Washington, D.C., says many singles who buy homes in the Districts hot H Street Corridor change jobs or need to move within 5 years. For them, the issue is finding a home that can transition to a rental property easily.

The rising purchasing power of single women suggests they'll be an important demographic for decades to come. Currently, 6 out of 10 college graduates (whose incomes are typically far higher than those of high school grads) are female, according to the U.S. Department of Education. Income parity is also improving. Among workers ages 25 - 35, women's hourly wages in 2012 were 93% those of men, compared to 84% for women of all ages, according to a Pew Research Center study.

Excerpted from article by Lynn Olsen, Realtor Magazine - Sept, Oct 2014.

Call Gloria Klischuk, your local Orland Park real estate expert for all of your real estate needs. My clients continue to recommend me because of my knowledge of every aspect of the real estate transaction and mortgage process which will ensure a smooth transaction from start to finish!
Orland Park Realtors has been serving the Orland Park community and the surrounding Southwest Suburban area for over 30 years!

Conveniently located in the heart of Orland Park at:
9439 West 144th Place

Visit us at: http://www.orlandparkrealtors.net
email: orlandparkrealtors@sbcglobal.net
phone: 708-873-1400

Gloria Klischuk, Managing Broker, Orland Park Realtors
Accomplished - Professional - Results Driven

Posted by Gloria Klischuk on November 20th, 2014 2:47 PM



My Favorite Blogs:

Sites That Link to This Blog:

9439 West 144th Place
Orland Park, IL 60462-2543