A recent MReport released an article discussing a study conducted by Yale School of Management about single women paying more than men when buying a home. After studying roughly 50 million housing transactions, Yale concluded that on average, single women pay 2% more than single men. Women typically sell their houses for less money as well. According to Kelly Shue, a finance professor at Yale University, women lose about $1,370 yearly compared to men. Single women pay more for the same house and sell for a lower price.
WHAT ELSE DID THEY FIND?
There were several other conclusions that were made from the study. According to Professor Shue, when men and women make the same low offer, the women are treated differently. Also, they found that the largest discounts typically occur between female sellers and male buyers. On average, housing transactions are better when they are between women sellers and women buyers. In 2018, the National Association of Realtors found that 18% of buyers are single women. 9% of buyers are single men, and on average single men are more likely to purchase a more expensive home than women.
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