Happy International Women’s Day from all of us at Equinox Real Estate. We are proud to be a majority women owned company. In fact, we have 21 well educated female brokers that work here!
Visit our official site to see them all.
Women in Real Estate
Women have been involved in real estate throughout history. In 1794, women filled office and clerical roles, but by the 1880’s, they began moving into roles as agents and brokers. While women began entering the field at a relatively slow rate, today, they dominate residential real estate. According to a 2015 study by the National Association of Realtors, 58 percent of all REALTORS® are female.
In addition to making up the majority of real estate across America, women also have an average higher listing price compared to men.
Furthermore, among broker licensees, 53 percent are female, compared with 63 percent of sales agent licensees.
Women & Home Buying
- Did you know the 2nd largest group of home buyers, after married couples, are single women?
- 32 is the median age of single women who are first-time home buyers
- 49,000 is the median income of single women who are first-time buyers
Women & Saving/Investing
- Flipping or renting investment properties is closing the income gap for many women. With longer life expectancy, lower wages, and less years in the workforce than men, investing in real estate is perhaps one of the best financial moves women can make
- Women are better at saving! According to a personal investment study, females typically saved an average of 8.3% of their income whereas males only save 7.9%.
- When it comes to investing in savings, the Berkeley’s Haas School of Business reported that men spent 45% more of this savings than women.
- Women are known to save more and invest sparingly. Researchers suggest this sort of difference is due to overconfidence found in men.
- Annual Returns. According to one study, if you gave a typical female investor and a typical male investor $100,000 each to invest last year, and this performance trend continued for 30 years, without adding anything to the initial investment, the woman would earn $58,000 more than her male counterpart over that time period. This was calculated based on an annual return of 4.7 percent for female and 4.1 percent for male investors.
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