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Dec 8, 2006
Depth Public Relations Founder Kerri Milam in Yahoo Finance
For her December 8 column: Real Estate and The Single Woman, Yahoo Finance! reporter Laura Rowley contacted Depth Public Relations founder and principal Kerri Milam for her perspective on being a single female homeowner and business owner.
Rowley's article sprang from a September, 2006, feature in the National Association of Realtors (NAR) online publication, Realtor MagazineOnline, "Tomorrow's Buyers: Who They are and What They Want," which notes:
"Young men are a growing part of the increase in single buyers, too, although they continue to lag behind women. In the 2005 NAR Profile of Home Buyers and Sellers, they make up 9 percent of buyers, up from 7 percent in 2001, while single women make up 21 percent of buyers, up from 15 percent in 2001."
Milam pointed to one of the many advantages of homeownership: an accumulation of equity that allowed her to bootstrap the launch of Depth Public Relations - ironically enough, the same month that the NAR article appeared.
"My perspective on the fact that single females are home owners at a rate 200% higher than single males is quite simple," said Kerri Milam, "Females have traditionally been the managers of household finances, whether single or married, and they understand the economic advantages of home ownership. Historically, it is born out that 'a man shall leave his mother,' for a home of his own more often than not only when he marries a female who insists on it."