Philadelphia One of the Easier Places for Women to Buy Homes Without a Co-Signer
Philadelphia is one of the Top 10 cities in the country where it is easier for women to buy homes without needing a co-signer, writes Caitlin McCabe for the Philadelphia Inquirer.
A recently released study by SmartAsset ranked Philadelphia as the eighth-most-popular region for women to purchase homes in 2017, with 5,092 women buying a home without a co-signer.
However, the study found that men in the region still purchase homes without co-signers slightly more often, with 5,739 men purchasing a property that same year. The study also found that Ithaca, N.Y., was the only one of the 402 metro areas analyzed where women without a co-signer purchased more homes than men.
SmartAsset found that women usually take on more debt when they buy a home. Part of this is that male homebuyers tend to earn more than their female counterparts. The average income for women buying a home in 2017 without a co-signer was a little over $68,000, compared to around $88,000 for men.
Read more about the study in the Philadelphia Inquirer here.
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