According to NAR's [National Association of Realtors] latest figures,
Did You Know: November 6, 2009, the increase in single owner households is
on the rise. They attribute it to baby-boomers that are widowed but staying
in their home. There has been an increase in single women purchasing homes,
per NAR's stats, almost one-quarter of first time home buyers were single
females who purchased their first home on a median income of $47,400.
Click on photo to see flyer
The national average for single occupant households is 28%. This figure
is likely to rise after the results of the 2010 census is revealed in January.
This trend is good news for the small bungalows and ranch homes built
after World War II that are on the market today. We have found that
condos and townhouses have great appeal to the single buyer, too.
It used to be unusual for people to live alone but is much more
accepted as the norm today.
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in
West Michigan. We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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