Fairfax County Celebrates Women’s History Month 2020 By Honoring “Valiant Women of the Vote”

Fairfax County Commission for Women, in concert with their Women’s History Month 2020 Celebration, honored three “Valiant Women of the Vote,” Jane Barker of Clifton, Cypriana McCray of Reston and Laura McKie formerly of West Springfield. These women were honored at a presentation and reception held in the forum of the Fairfax County Government Building on March 10 immediately preceding the Fairfax County Board of Supervisors meeting. Continue reading

How Men, Women Differ on Home Buying

Men are from Mars, women are from Venus — and that couldn’t be more true when it comes to home buying. According to Prudential Real Estate’s third-quarter Consumer Outlook Survey, men and women are quite different when it comes to what they value most about home ownership and the process of buying and selling.

Women enjoy the home search more than men, with 87 percent of women versus 77 percent of men saying they like looking at homes, the survey finds. More women associate home ownership with “pride,” “accomplishment,” or “independence,” while men tend to associate it with “control over living space” and “more space for my family.”

“As the real estate market strengthens and household formation grows, men and women approach the buying-selling process from different angles,” says Earl Lee, president of Prudential Real Estate. “What’s most interesting is the dynamic that exists among couples and the role that agents play in balancing couples’ real estate objectives.”

Agents may often find themselves stuck in the middle, but both sexes say they trust their agent to be the voice of reason and settle any disagreements among couples. Eighty-three percent of survey respondents say their real estate agent was helpful in moderating an agreement, and 86 percent value the agent’s point of view as much as — or more than — their partner’s, according to the survey. Both sexes cited “honesty” and “knowledgeable” as the most important traits in a real estate agent.

Men and women tend to take on different responsibilities when it comes to home buying, the survey finds. Men take on more of the financial aspects, while women tended to take the lead on planning aspects, such as neighborhood research. Nearly 40 percent of men said they researched banks and secured the mortgage; 42 percent of women said it was their responsibility to manage appointments, and 34 percent took the lead in researching neighborhoods.

When it comes to the most important home features, men and women are mostly in agreement. Both genders ranked “safe neighborhood,” “overall condition of home,” and “number of bedrooms” the highest.

Source: Prudential Real Estate

A Growing Segment of Buyers: Female Baby Boomers

Single women make up the second largest segment of home purchases, with one out of every five homes purchases by a single woman, according to the National Association of REALTORS®. With more than 25 million single women over the age of 45 — whether never married, divorced, or widowed — it is making up a growing demographic, according to a recent report by FOX News.

“Single women see homes as more than just a place to live, it’s a symbol of success, and provides roots and security,” says author Jan Cullinance, author of the AARP book The Single Woman’s Guide to Retirement.

These single buyers tend to look for a home that is low-maintenance, with a sizable kitchen, walk-in closets, laundry near the master bedroom, and universal design principles to allow aging in place, Cullinance says.

Some builders are reportedly adding two master bedrooms to help accommodate the 40 percent of single women who choose to have non-romantic roommates, according to AARP.

Some single boomer women are also choosing cohousing communities, which are known as CCRCs or continuing care retirement communities. These communities allow you to progress from independent living to assisted living to skilled nursing care on the same campus, Cullinance says.

Source: “Single Female Boomers: Choose Your Castle Carefully,” FOX News (April 11, 2013)