From the Philly Inquirer:
Homeownership is more profitable for men than for women, a study released Thursday by the real estate search engine RealtyTrac maintains.
Analyzing 2.1 million single-family homes nationwide, RealtyTrac found that homes owned by single men on average are worth 10 percent more and have appreciated $10,112 (16 percent) more since purchase than those owned by single women.
Single male homeowners accounted for 1.14 million of the total, and single women for 1.01 million, based on public record tax assessor data collected by RealtyTrac.
Pennsylvania and New Jersey do not quite follow the national trend, RealtyTrac data show.
Although single men in Pennsylvania own houses worth $8,160 (5 percent) more than single women – $149,486 versus $141,326 – the average gain since purchase is $689, or 2 percent, in favor of women, RealtyTrac showed.
The actual return on purchase is 31.95 percent for women and 28.9 percent for men, data show.
In New Jersey, the gap at purchase is 5 percent in the men’s favor – $257,805 versus $246,188.
The average gain in value since purchase, however, favors the women – $8,546 or 29 percent more, the RealtyTrac data show.
“Single women I sell to gravitate to smaller, less expensive houses that offer an easier lifestyle,” said Val Nunnenkamp, an agent with Berkshire Hathaway Home Services Fox & Roach Realtors in Marlton.
“I’d say 89 percent of them do, and what they do with the houses and how that is presented to the next buyer at sale time makes the difference,” he said.