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TAll single women out there, how is your home-buying journey going? If it’s feeling like your progress is lagging, you’re not alone. New data shows that the gender gap in homeownership is widening, and it’s largely the result of the pandemic’s disruption to women’s ability to work.
Forbes Brenda Richardson, real estate contributor, reported that homeownership rates among single women fell to 24.5% last season after rising to 28.6% in 2021. This wiped out nearly half the gains single women made since 2016, when homeownership rates were at an all time low of 19.4%. However, single men’s homeownership rates increased by 2.7% in 2022, to 33.1%. Economists believe that the landscape for home-buying will continue to be difficult in the short term.
“With rising and volatile mortgage rates furthering affordability challenges, the road to affordable homeownership remains an uphill battle,” Zillow chief economist Skylar Olsen says. “It may take creative solutions or even doubling up in a home to achieve that dream.”
Cheers,
Maggie
P.S.: I wanted to drop a quick reminder that we’re looking for the next class of Forbes 50 Over 50, so nominate yourself today! We’re also looking for fast-growing female-founded companies to consider for our Next Billion-Dollar Startups list. Are you a future unicorn or do you know one? Nominate her!
Featured Forbes Profile: Meet The Marine Biologist-Turned-Entrepreneur Restoring Coral Reefs Using 3D Printing And Clay
“We have already lost 50% of the world’s coral reefs since 1950. And if nothing changes, we will lose up to 90% by 2050,” Archireef cofounder and CEO Vriko Yu says.
ZINNIA LEE/FORBES ASSIA
Vriko Yu, a Ph.D. student in biological sciences, launched a startup. Now she’s the cofounder and CEO of Archireef, a climate tech venture that’s working to restore fragile marine ecosystems by using 3D printing technology and some good old-fashioned terracotta. “When it comes to climate tech, most people are focusing on reducing carbon emission,” Yu told Forbes. Active restoration, she believes, is just as important.
ICYMI: News Of The Week
Is it logical? Do not delay motherhood Your career? According to a new survey, 93% of American women who opted to wait until they were 35 to become mothers found that their reproductive choices have allowed them to achieve their goals. Goals related to finances or lifestyle.
Speaking of women’s reproductive health, did you know that March was Endometriosis Awareness Month? As ForbesWomen contributor Lisa Falco writes here, awareness about this painful and debilitating disease is increasing, but we still need better treatments—and, like so many other issues, more than one month of talking about it.
Elizabeth Warren announced this week that she is running to keep her Senate seat—and it’s not a coincidence that her news comes on the heels of multiple high-profile bank collapses.
You can also read other political news here Rep. Sheila Jackson Lee (D).) announced she will run for Houston’s open mayoral seat this year, instantly making the outspoken progressive the most recognizable candidate for the job running the nation’s fourth-largest city.
The Checklist
1. Stop being a toxic productivity hamster. Toxic productivity refers to the need to feel productive at any cost. This can lead to mental and physical problems. Here are some strategies to recognize and undo the damage.
2. Support your middle managers. Columbia University found that middle managers have higher levels of anxiety and depression than other roles within organizations. These are the five support methods they most require right now.
3. Stop trying to ruin your meetings with sabotage tactics. Sixty-five percent of people who dislike their jobs report that they’re frequently stuck in unproductive meetings—and it might be because one of these four ways that colleagues are sabotaging those meetings.
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