By Monsef Rachid | World Property Journal
According to a new report by Redfin, for every dollar of home equity single men earned over five years in the U.S., single women earned just 92 cents. Redfin looked at 199,387 homes sold in 18 of the largest metros in 2012, of which 39.9 percent were purchased by single women. On those home purchases, women earned a median $171,313 of home equity over five years compared to $186,403 of equity earned by men–a difference of $15,090 or 8.1 percent.
To calculate home equity, Redfin added the initial equity from the down payment and the principal paid on the mortgage to the appreciation of the home since purchase date. Appreciation was determined by subtracting the original purchase price of the home from the current Redfin Estimate.
