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Check It OutOver $36.5 billion a year is lost annually in the U.S.
Prevent Financial Abuse
Life often presents us
with unplanned disruptions.
A women’s depository for vendors & clients to grow their diverse spend & increase women’s employment at all levels within the housing ecosystem.
A new report from the Greenlining Institute, Supplier Diversity Report: Banks Still Struggle to Contract with Diverse Businesses, finds that eight of the largest California banks by deposit market share continue doing minimal contracting with women and minorities. The eight studied banks were Bank of America, Wells Fargo, JPMorgan Chase, Union Bank, US Bank, East West Bank, Comerica and Citibank.
Home prices are the highest they’ve been since July 2006, appreciating 5.5 percent annually in September, according to the recently released S&P Case-Shiller index. Sellers are enjoying ideal conditions: rising prices, limited home inventory and low mortgage rates combining to create healthy competition for available properties. Buyers rarely secure their preferred home, and sellers have little to do in the way of renovations to ensure their house is promptly purchased.
How long with this seller’s market last?
A recent Zillow survey reveals that experts forecast the present seller’s market becoming a buyer’s market by 2019. Zillow Chief Economist, Dr. Svenja Gudell, has stated that as home inventory increases and home price appreciation slows we can expect the market to “meaningfully swing in favor of buyers within the next two to three years.”
As the market develops, creating more favorable conditions for buyers, women homebuyers are a market poised to grow.
In 2015, the homeownership rate of female householders in 1-person households was 24.56 percent higher than the homeownership rate of male householders in the same category, according to U.S. Census Bureau data on national household demographics. Despite earning less, single women are becoming homeowners in formidable numbers.
Supported by college educations generating higher incomes, the approaching buyer’s market will only strengthen the already commanding purchasing activity of women homebuyers.
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