Sunday is International Women’s Day and in honor of all the women out there we thought we would dive into women AND real estate. Over the last three years, about 65% of my business is single women buying homes. This trend of women buying homes is on an upward trajectory.

According to this article that has been been shared on the Internet recently? Single women are buying homes at twice the rate as men! Wahoo, GO LADIES! In 2016, single women account for 17% of homebuyers while men account for 7%.

Whether you are single or married, male or female a home purchase can be a great step to building wealth. Purchasing a home has historically been completed by a married couple but it sure can be a great investment for a single person. As women get married at an older age, put off starting a family and focus on their careers, it is not surprising that they are taking on a home purchase, as well.

The topic of women and wealth can be a unique conversation compared to men and wealth but the conversation is still crucial for a number of factors:

• Women outlive men by approximately seven years. Compound interest can be a women’s best friend. Starting to build wealth earlier is a necessity.
• On average, women are out of the workforce for 12 years during their years of employment. Women typically take on the caregiver role (for children and/or parents) more than men. This will ultimately impact both income and wealth for women.
• Wage difference. Women typically make 23% less than their male counterparts.

Men and women also differ in their home search. Women tend to put more emphasis on location, ascetics and safety and, on average, spend $10,00o more than men to get the perfect home. However, on this International Women’s Day, we just want to mention the differences. Home ownership for women can be empowering and a way to hedge against these factors that differ between the genders and building wealth.

Ladies, are you considering buying your selling you home or know what that is? Reach out to Liz for a personalized approach on how to build wealth through real estate as a woman.

Liz is  broker and owner of Liz Daigle Realty.

Similar to the website who.what.WEARbut much more exciting! Because, we prefer WHERE over wear any day. This post is only the most important information on the Internet with a focus on the where (Denver real estate market, of course).

1. A billbeing proposed to the state Senate could potentially raise the tax rates on short term rentals. This has potential to impact both the metro Denver real estate market and economy. Read more to find out what is being proposed and how it may impact you.
2. Last year the city of Lakewood voted to limit the amount of new builds to 1% growth each year. This should allow for 693 homes this year, however, this year Lakewood is proposing to take into consideration the 1,075 housing units that are currently at some stage of review with Lakewood planning officials toward the annual cap in both 2020 and 2021. This would limit the amount of new homes being built to 156. Whatever the outcomes is will mean there will be a huge restriction on new homes in Lakewood. As the supply decreases, homeowners will see the value of their current Lakewood home increase as the demand for their home increases.
3. There has been a lot of speculation that the housing and financial markets will stay pretty stable this year because of the upcoming election. However, this article offers a different thought, could the interest rates possibly drop three times this year?
4. I recently ended up listening to thispodcast again since it still felt applicable. Andrew Cushman is incredibly down to Earth and very intelligent and successful in the realm of real estate investing. If you don’t take anything else out of the podcast, take this: “Pick your niche, focus on in it, be better at it than anyone else. Don’t get distracted by many other opportunities.” This can be applicable to real estate, investing, business and just about anything else in life.
5. Last but not least, thisarticle isn’t necessarily about real estate but I found it fascinating. 1 out of 3 Americans run out of money by payday, even people making more than $100,000. A mortgage is often one of the largest payment each month and it is crucial to know what you can comfortably afford each month given your lifestyle costs. Just because you can afford a more expensive mortgage doesn’t always make it the best option.

What do you think? Have you read anything interesting lately?! Tell me!

Liz is broker and owner of Liz Daigle Realty.