(AmericanProsperity.com) – A recent study that was conducted by LendingTree showed that there are more single women homeowners than there are single men homeowners.
According to LendingTree, single women own 2.7 million more homes than single men do. Jacob Channel, senior economist at LendingTree, said “A home for most people is going to represent the biggest portion of their overall net worth. Owning a home helps you access considerably more wealth.”
The study also showed that 13% of women have titles to their homes but only 10% of men hold the titles to their homes.
The study was done based on an analysis from the U.S. Census Bureau 2022 American Community Survey. The results showed that women own more homes than men in 47 states. The rate of female homeownership was highest in states such as Delaware and Louisiana. Men dominated the housing market in North Dakota, South Dakota, and Alaska, which is more than likely because of the male-dominated jobs in those areas.
“If there’s one really important thing about this study, it’s that there’s a lot going on here that’s influencing women’s wealth, and we’ll need a lot more information before we can really definitively say why things are the way they are,” Jacob Channel said.
Home equity made up 28% of household wealth according to a 2022 U.S. Census Bureau report. It’s also been seen that most homes are owned by couples and families, but that regardless of women owning more homes, men still have a higher net worth than women on average.
This data is quite a surprise to some as women have been fighting for equality in many ways over recent decades. The most recent debacle was the recognition that women make less than men in a lot of corporations even when performing the same exact job.
Studies show that women make about 82 cents on average for every dollar that a man makes, according to the Pew Research Center.
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