In the United States, 13.7 million single parents are raising over 22 million children, with nearly 30% living in poverty. Despite the financial hurdles, single parents, particularly single women, are increasingly entering the housing market, becoming the second-largest group of homebuyers, comprising 20% of the market. Many of these individuals are first-time homebuyers, eligible for various federal programs that can ease the financial burden of purchasing a home. These initiatives are crucial for single parents to transition from renting to owning their homes, offering crucial financial support in a challenging market.
Buying a home is one of the biggest financial moves anyone can make-and for single parents, the challenge is even steeper.
As of 2024, approximately 13.7 million single parents in the United States are raising over 22 million children.
Despite these financial challenges, many single parents are navigating these obstacles and achieving homeownership.
Single women are now the second-largest group of homebuyers in the U.S., making up 20% of the market.
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