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Advancing the Cause Every Day—Inspiring Stories from MNR Members for Women’s History Month

By MNR News posted 03-07-2023 02:52 PM

  
Women’s History Month is a time to celebrate famous women and their struggles for hard-won rights, and their contributions to society. But every day, millions of lesser-known women advance the cause in their own way, through building businesses, careers, and buying homes of their own. 

When it comes to real estate, key statistics show more women property owners and Realtors® than at any time in U.S. history, but these achievements don’t cancel out the significant gaps in gender equity that still plague housing and society. For instance, single women own 2.64 million more owner-occupied properties than single men nationwide, despite receiving significantly lower returns on their housing investment than single men, according to the U.S. Census Bureau and a recent Yale study. Another study analyzed by Rocket Mortgage looked at perceived biases and stereotypes against women and in particular, women of color, in bargaining situations. Within the industry, NAR data shows that 65% of Realtors® are women, but that women occupy fewer leadership roles across brokerages and associations in the country.

So, while significant progress has been made since 1974’s Equal Credit Opportunity Act (ECOA)—which enabled women to obtain their own independent lines of credit and purchase property—much remains to be done toward achieving equity. We need to continue uplifting the stories of women who are paving the way for future generations through their lives and careers. We asked some of our female members about their experiences supporting the women homebuyers and mentors who made an impact on them. Read their inspiring stories below.  

Carrie Chang—Chief Executive Officer, Minneapolis Area REALTORS® 

Q: Oprah Winfrey once said that “a mentor is someone who allows you to see the hope inside yourself.” Did you have any female mentors who played such a role in your life? If so, how did she make a difference in your life and career? 

A: I’ve been fortunate to have many wonderful mentors. One woman who helped during a formative time in my career and life was one of my managers at General Mills. She saw potential in me and pushed me to raise my own ambitions and leverage my strengths to make a bigger impact and lead from my seateven though I didn’t manage a team or have a big title or budget at the time. She also cared about me as a whole person and became a role model of a working mom for me, because I was a mom to two young kids at that time. She encouraged me to stay true to my personal priorities and still dream big professionally. 

Patti Jo Fitzpatrick—2023 Minnesota Realtors® First Vice President and Associate Broker, Coldwell Banker Realty, St. Paul, MN 

I’m pleased to see that since I first started in the business, women now have greater confidence, incomes, and knowledge about homeownership. More women are taking charge in the home-buying process and taking educated risks. And as a mother, it’s been my great joy to work alongside my daughter, Kari, in running a successful, women-led real estate team. 

Deb Hansen, RCE, AHWD—Chief Executive Officer, Realtor® Association of Southern Minnesota 

I am a single woman who bought my own house several years ago. Growing up with a single parent in rental properties until I was in junior high, I learned the value of owning your own home.

Julia Lashay Israel, ABR, AHWD—Head of Inclusion and Belonging at Keller Williams Realty

Q: An increasing number of homebuyers are single women. Tell us about a single woman whose homebuying story inspired you. What was it about her experience that resonated with you?   

A: A few months ago, I received a call from a past client. It was the 5th anniversary of her first home purchase. She called to thank me for my part in her journey. She was a first-time homebuyer who used down payment assistance to purchase her home. Over the past 5 years, the home she purchased provided a level of stability for her and her two children. She had joined their neighborhood organization, became a member of the governors housing task force, and saw her son receive a scholarship at the after-school community center program in their neighborhood. She reminded me that her down payment assistance had been forgiven after 5 years and after I ran a comparative market analysis (CMA) for her, we learned that she had $91k in equity in her home! I, too, purchased a home using down payment assistance as a single mother and was incredibly proud and honored to be a part of her story and journey. 

Marti Kaiser, RCEChief Executive Officer, Fargo-Moorhead Area Association of Realtors® 

Q: Oprah Winfrey once said that “a mentor is someone who allows you to see the hope inside yourself.” Did you have any female mentors who played such a role in your life? If so, how did she make a difference in your life and career? 

A: My role model would be my mom. My parents divorced when I was 12 and I have two younger brothers. She was a stay-at-home mom who, after the divorce, rejoined the workforce taking on two part-time jobs. She was able to continue making mortgage payments on her own to keep her family in our home. In addition to being a single mom taking care of three kids and working two jobs, she also went back to school. She obtained her B.S. degree in three years. My mom is the strongest woman I know. She taught me to believe in myself and that hard work pays off.  

Kelly Schepers, GREEN, MRP, PSA—Premier Real Estate Services, St. Cloud 

Q: An increasing number of homebuyers are single women. Tell us about a single woman whose homebuying story inspired you. What was it about her experience that resonated with you? 

A: To be honest, this trend of single women buying homes doesnt seem like anything new to me. I purchased my first home by myself 20 years ago. Ive been surrounded by circles of women friends who did the same thing. Ive been helping single women purchase and sell properties for almost 14 years, and Ive been inspired by each and every one of them. Each woman has a story motivating her to make a change, from my first-time homebuyers struggling to stretch every dollar they earn to my women investors.  

Homeownership is an empowering, life-changing journey. Not only is it a natural progression of personal wealth building, but it is also the definition of self-reliance and perseverance. I love to watch and be counted among the trailblazing women who have empowered coming generations of women to follow in their footsteps and take it to the next level.

Q: Oprah Winfrey once said that “a mentor is someone who allows you to see the hope inside yourself.” Did you have any female mentors who played such a role in your life? If so, how did she make a difference in your life and career? 

A: I would start with the most important woman—my mother. Thrown into the fire just before marriage to my father, she was presented with a choice to stay or walk away from a life that would not be easy. My father, a teacher, coach, and Vietnam War veteran suffered a double brain aneurysm shortly after my parents were engaged. He was left unable to communicate, walk or care for himself. Doctors told my mother and my dad’s parents that he wouldnt recover enough to live outside of a nursing home. My mother could have left, and no one would have blamed her. She didnt. She believed in him, and started the excruciating journey of recovery with him, fighting to find medical personnel that would back them. 

My parents were married the next year. My dad was still in rehabilitation learning to live with his new limitations, but far exceeding expectations with my mom at his side. He would continue to improve, walk, talk, drive, and care for the home and kids, but would never be able to return to work as a teacher. My mom was our family’s sole breadwinner. She was a teacher. A mentor. A champion. We faced many hurdles including her own cancer diagnosis a few short years later. Four children were brought into this family, and we were constantly aware how abnormal it was to have a woman at the head of our household. Homes were purchased. Moves were made. Lives were built. She was the rock. She set the example.  She didnt back down and showed me how to be an advocate for what you believe in, especially if they say the odds are not in your favor. 

Deanna Wiener—Realtor® and former Minnesota State Senator 

“Over the last 50 years, women have achieved a lot more equity in homeownership, and that’s an outstanding achievement. . . . But Black, Indigenous, and People of Color (BIPOC) continue to have much lower homeownership rates than white Minnesotans. This hits the Black community particularly hard. Something must be done. This is not who we are. We can do so much better. . . . Real estate has never been a nine-to-five job, and it never will be. You have to be passionate about helping people, solving problems, and always being open to learning from others.”  

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