Women and Company Survey Reveals 76 Percent of Women Don't Own a Home; Women Name High Prices as the Primary Barrier to Home Ownership.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The Commerce Department, new housing sales in April fell 11.8% percent below March sales, which may indicate a slowdown in the U.S. housing market. A related online survey conducted by Women and Company, revealed that 76% of women respondents do not own a home. Survey respondents cited the following reasons: (1) they were unwilling or unable to buy (20.03%); (2) their current living expenses are too high (17.11%); and (3) the timing isn't right due to their life circumstances--job change, divorce, etc. (16.33%). "Buying or selling real estate is a personal decision. Before you take action, examine your reasons for purchasing, your time horizon, and your fixed and discretionary expenses," said Lisa Caputo Lisa Caputo is an American businesswoman, president and CEO of Citigroup's Women and Company and managing director for business operations and planning, of Citigroup's Global Consumer Group. She is also a member of the Council on Foreign Relations. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Women and Company, a membership program from Citigroup that provides financial education and resources for women. Women respondents also said they didn't own a home because they were saving for other goals--retirement, children's college education, etc. (16.33%); or that they preferred to rent than own (3.42%). Women and Company conducted the online survey in October 2005. If you are considering purchasing a home, here are some things to consider: 1. Why are you buying or selling? If you are considering purchasing a home because of pride of ownership, reasonable appreciation, tax advantages, "forced" savings, go ahead and buy. A questionable reason to buy is to ride the real estate wave and make money in the short term. 2. How long do you plan to stay in your home? If you are going to own your home for less than three years, you may not want to purchase because owners do not typically "break even" on a purchase in less than three to four years. When selling, you have to remember that if you're selling "high," chances are you'll be buying "high," unless you plan to downsize Downsize Reducing the size of a company by eliminating workers and/or divisions within the company. Notes: When a company downsizes, it is attempting to find ways to improve efficiency and increase profitability. It is sometimes referred to as trimming the fat. . 3. Can I afford this home? Be realistic. You don't want to be house-poor, nor do you want to find yourself over-extended. If you are sensible about your home purchase, you can weather changes in the market and not have to sell at a less-than-perfect time. While there are no crystal balls when forecasting the future of the real estate market, watching market activity, inventory and prices in your local area and determining your motives for buying will help ensure you make a solid decision that meets your needs.
For more information or to Interview Lisa Caputo, contact:
Sheri Singer, 703-346-7111; sheri.singer@verizon.net.
About Citigroup Citigroup (NYSE NYSE See: New York Stock Exchange : C), the leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and Banamex. Additional information may be found at www.citigroup.com About Women and Company Women and Company is an annual membership program from Citigroup designed to help women take control of your financial future while facing the many transitions life brings-from the birth of a child, to preparing for retirement, handling a divorce, or facing the illness or death of a spouse. Since each transition point in life calls for a new set of knowledge, Women and Company offers a full range of benefits and services to help women navigate each twist and turn. Members have access to financial education, including online newsletters, conference calls led by knowledgeable experts, and Master Classes in major metropolitan areas; ongoing assistance through toll-free resources staffed by professionals equipped to help answer questions related to taxes, real estate, survivorship survivorship n. the right to receive full title or ownership due to having survived another person. Survivorship is particularly applied to persons owning real property or other assets, such as bank accounts or stocks, in "joint tenancy. , and elder care issues; and special savings on select Citigroup products. For more information, visit www.womenandco.com Women and Company provides impersonal investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal through Citicorp Investment Services, a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in with the U.S. Securities and Exchange Commission ("SEC"). To obtain Women and Company's Form ADV Form ADV An SEC form for reporting information about an investment adviser, including education, business, regulatory problems, services, and fees. The form has two parts, and an investor should read both prior to employing the services of an investment , contact Women and Company at 800-930-2544, option 1. Women and Company is not registered as a broker-dealer. Brokerage services and/or investment advice are available to Women and Company members through Citigroup Global Markets Inc., member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. , and Citicorp Investment Services, member NASD/SIPC, affiliates of Citibank and subsidiaries of Citigroup Inc. Through Women and Company, members can access information about some registered representatives who are employees of Smith Barney, a division of Citigroup Global Markets Inc., or Citicorp Investment Services; however, Women and Company does not recommend or otherwise assist a member in selecting a specific financial professional. Members are free to select financial professionals other than those affiliated with Citigroup. Other financial professionals may offer similar services at different or lower rates than Citigroup Global Markets Inc. or Citicorp Investment Services. The Women and Company program is a resource within Citigroup accessed by its numerous subsidiaries for assistance in better serving the women's market. In consideration of this assistance, certain subsidiaries of Citigroup Inc., including those that are part of Citigroup's Global Consumer Group, and Citigroup Global Markets Inc., reimburse re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. certain expenses of Women and Company. Women and Company and Women & Co. are registered service marks of Citigroup Inc. Women and Company is a division of Citigroup. Citigroup Inc., its affiliates, and its employees are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in . (C) 2006 Citicorp North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Inc. |
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