A small, but significant, proportion of single women say they bought a new home because they wanted a smaller one. Nine percent of single women need less space as a result of divorce or children leaving home. Only 6 percent of men and 4 percent of homeowners in general fit this category. Single men are more likely to buy in the city. Single women and homebuyers in general prefer the suburbs.
Single men prefer to buy a previously owned home.
Ninety percent of single men bought an existing home. These statistics suggest that real estate agents should not treat single buyers like everyone else. They have less money to spend and want a smaller home. Those professionals who appreciate and cater to these differences are likely to see the single buyer at their door again. Funded solely by Texas real estate licensees, the Center was created by the state legislature to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public.