Thursday, October 20, 2016

Foreclosure Rate Higher for Men vs Women! #teamthayer #realestate #realtor #oregon #foreclosure #bank #econimics

Hand Grabbing House BH
A recent report from ATTOM Data Solutions, parent company for RealtyTrac, found that although men may make more money than women, women do a better job of avoiding foreclosure.
ATTOM reports that in order to determine this information, they looked at the public property records for more than five million single-family home and condos nationwide.
Specifically, it is noted that overall male homeowners have slightly higher foreclosure rates compared to female homeowners. This is represented by 73 out of 10,000 male homeowners in foreclosure compared to 72 out of every 10,000 female homeowners. Following this trend married men and widowers both have significantly higher foreclosure rates than married women and widows.
Broken down further, it was shown that 83 out of every 10,000 married male homeowners are in foreclosure. This is compared to 66 out of every 10,000 married female homeowners. It was also shown that 112 out of every 10,000 widowed male homeowners were in foreclosure contrasting greatly with 94 out of 10,000 widowed female homeowners in foreclosure.
There is one exception for this trend though. ATTOM reports that for single men homeowners, it was found that 70 out of 10,000 of those homeowners were in foreclosure. This was a slightly lower rate than single women homeowners, which report that 73 out of 10,000 of these homeowners are in foreclosure.
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