Did you know, as detailed in a recent Realtor Magazine story, that a century ago fewer than six percent of all households consisted of people who lived alone?
But, by 2013, that percentage jumped to 28 percent with single-person households now making up the second most common household type just behind married couples without minor children (at 29 percent), according to U.S. Census Bureau data. Even more, single-person households have now surpassed married households with minor children (19 percent).
One of the major contributing factors to these numbers changing over time is the fact single households – once dominated by men – have shifted given a rise in the number of women living alone. Women now head 54 percent of all single-person households.
Here are some additional statistics to chew on –
In large cities, single-person households account for 45 percent of all households. And, single-person households aren’t dominated by one generation either. About 28 percent of all single-person households are under the age of 45; another 36 percent are between the ages of 45 and 64; and 36 percent are over the age of 65.
How should you process the above? It means that whether you are married or single, you can still pursue your dream of homeownership. And, of course, First International Title can make sure you are headed down the right path. We’re waiting for your call!