Young women are quickly becoming an important demographic to those involved in selling homes. As more women are putting off having a family and pursuing their careers, they are finding it isn’t necessary to put off buying a home. Lenders aren’t focused on simply offering mortgages and remortgages to families, but are modeling products to attract the unconventional home buyer which includes single young adult women.

First time buyers have always been an important demographic in the housing market. Important because they provide the property ladder with movement. They come into the market and buy starter homes, which allow the sellers to upgrade to larger homes or those not necessarily considered for purchase by starting families or single buyers.

The housing market is facing a slowdown and while first time buyers are always important to the market, attracting them back to the market is essential during the spring and summer months.

Lenders are continuing to offer attractive deals both on mortgages and remortgages. This is important in making the leap to home ownership affordable. The fact that remortgages are still attached to low interest rates helps new homeowners reposition their deal at the end of their term or seek out an even better deal than their current one.

Experts do believe that the housing market will remain viable and strong in the coming year, but will not reach the levels of growth seen in the past few years. There is an expectation of mild growth of 3% by the close of 2017. However, if interest rates begin to rise on mortgages, there could be a quick rush to buy to secure a historically low interest rate deal before they disappear. There could also be a strong showing of first time buyers, including young adult women, which could also boost the housing market.