Singles buying homes at strong pace

The National Association of Realtors 2010 survey found that 23 percent of first time home buyers were single females, and 15 percent were single males.

The survey also found 56 percent of first time buyers were between the ages of 24 and 35 years old- indicating an increase in young, single prospective home owners. And the average income for single female first time buyers was $46,1000 and $52,800 for single male buyers.

MSNBC cited the Joint Center for Housing Studies reporting that single female first time buyers purchase a home to nest, because they need more space or to relocate for a job or family. According to MSNBC, female homebuyers should consider factors such as location, condition and price when making a purchasing decision.

The news source reported that location remains an important factor for school districts, hobbies and affordability, while condition can mean the difference between thousands spent on repairs and maintenance. The price of the home should require a monthly mortgage payment of no more than 28 percent of the buyer's monthly income, and with home prices so low there should be plenty of options available.  

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