The results are in: Male homeowners are more likely to go into foreclosure than their female counterparts, despite having a higher paycheck.
Analyzing more than 5 million single-family homes and condos across the country, the report, The Foreclosure Gender Gap, released by ATTOM Data Solutions, focused on homes in which the primary homeowner was either an individual male or female. The report did not include homes that were owned by couples, or had more than one homeowner listed. This report looked at data for the second quarter of the year.
The report stated that out of every 10,000 homes with a male listed as the sole homeowner, 73 were in foreclosure, compared to 72 of female sole homeowners.
However, the rate between married male homeowners and married female homeowners listed as the primary homeowner was much greater. Out of every 10,000 homes with a married man listed as the primary homeowner, 83 were in foreclosure, compared to 66 homes of married female homeowners.
Interestingly, the report found that widowed homeowners had the largest discrepancy between male and female. Widowed male homeowners saw a foreclosure rate of 112 out of every 10,000 homes, while widowed female homeowners had a foreclosure rate of 94 out of every 10,000 homes.
The only time that women outpaced men in foreclosure was for single and unmarried women. Homes owned by unmarried females had a foreclosure rate of 73 out of 10,000 homes, compared to unmarried males, who had a foreclosure rate of 70 out of 10,000 homes.
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