Women In Real Estate -The Bigger Picture

Real estate is often a sector that is thought to be dominated by males. However , women have been critical to the development of real estate for decades. More women are now taking an interest in property and investing. 

The real estate industry is a highly competitive sector, and it takes a lot of grit and determination to make your mark. In the past, women have been stereotypically excluded from this field. However, with changing times and the evolution of societal norms, this has quickly become a thing of the past.

Women in Real Estate 

The current situation in regards to women in the real estate market is largely positive. Women are at the forefront of the industry as buyers, sellers, agents and investors. Getting a bank loan for a real estate investment has also become easier for women than ever before.

The number of women who own property is on the rise, which is good news for the industry as a whole. It shows that access to loans from banks is becoming easier for women. Additionally, more and more women are taking out home loans and using the money to buy property in their own name. This further illustrates that there is no gender bias when it comes to getting access to loans from banks and other lending institutions.

In addition to this, studies show that female real estate agents typically earn more than their male counterparts because they work harder and tend to stay with a single brokerage firm longer. The average female real estate agent earns between $75K and $80K per year while the average male earns between $65K and $75K per year.

Women are a force to be reckoned with in the real estate business. A recent National Association of Realtors (NAR) survey found that women make up 63% of all agents in the United States. Women are making significant strides both in the number of properties they sell and the dollar volume they represent.

While younger agents tend to be more tech-savvy and better versed in social media, senior women have decades of experience and top-notch networking skills. Some also have extensive training in related fields like interior design and home staging, which give them an edge over younger realtors who have less hands-on experience.

But why is this happening? And why now?

Real estate is a sector where women have long played a critical role, but even just a decade ago, they were still the minority. In the United States, around 40% of all realtors were women in 2008. At that time, both the industry and society were still geared towards men as the primary breadwinners.

Today, however, things are very different. The balance of power has shifted in real estate — women now make up about 60% of all working realtors. That’s an extraordinary number, and it shows no sign of slowing down any time soon.

As well as being brokers and sales agents, women are now far more likely to be owners or managers of real estate businesses than they were previously.

Looking at how the ratio has shifted over the last decade alone, it would be fair to say that this is more than just an ‘equal opportunity’ trend — more and more women are working in real estate because they want to!

The real estate market has also undergone some major changes in recent years, with new technologies and attitudes shaping the way that homes are bought and sold.

And as a result, it’s become a very popular career choice for women who are keen to make their mark on the industry and find a career that they can thrive in.

CONCLUSION

Like any other societal issue, the quest for gender equality and women empowerment can only be achieved and will only be successful when all sectors work together. This is not a battle of sexes but a collective fight for a more peaceful and humane environment that respects and celebrates differences and enables everyone, regardless of gender, to attain his or her full potential. It is therefore our shared responsibility to contribute to this agenda, and help build a society that encourages, supports and empowers especially women.

Let us keep pushing until we shatter gender stereotypes, end discrimination and violence against women and achieve gender equality. Let us not stop fighting until we live in a world that is just, fair, inclusive and conducive to sustainable development.

The real estate industry is changing. And it’s changing for the better.