Tag Archives: Solo Home Buyers Re-emerge

Individual home buyers comprised a quarter of all house purchases last year, according to National Association of REALTORS® data. Single women purchase homes at double the rate of single men, according to the data. However, solo buyers can face particular challenges in qualifying for a mortgage. During and following the recession, banks tightened their underwriting standards, which also made it more difficult for single home buyers without dual incomes to qualify for a loan. Between 2010 and 2012, home purchases made by singles dropped 7 percent — unprecedented, according to […]