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More single women flooding NJ’s housing market


By Jen Ursillo March 1, 2017 2:32 AM

The spring home-buying season is about to be in full swing and all the single ladies will be helping to drive the market, according to new real estate data.

In New Jersey, first-time homebuyers are a big portion of the market — 35 percent. And single women — mostly in the millennial generation — make up 19 percent of that portion.

Nationally, single women are twice as likely to buy a home than single men.

But why?

Ralph DiBugnara, vice president of Parsipanny-based Residential Home Funding, based in Parsipanny says many millennial women are getting married and having children later in life.

“It’s become an empowering thing to own their own home,” he said. “They don’t have to start a family, they don’t have to get married.”

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