\n<\/div><\/div>\n<\/div>\n<\/div>\n

By Kerry Smith<\/div><\/div>\n

The annual report compares LGBTQ buyers and sellers to the overall market. It found that LGBTQ buyers buy smaller and older homes, but they plan to move out five years earlier than other buyers. As a group, they tend to identify as male more than female, and be single and unmarried.<\/span><\/span><\/p>\n<\/div>\n

WASHINGTON \u2013 Home buyers from America\u2019s LGBTQ community purchase older, smaller and less expensive homes than non-LGBTQ buyers, according to the 2021 Profile of LGBTQ Home Buyers and Sellers<\/a> released by the National Association of Realtors\u00ae (NAR).<\/span><\/span><\/p>\n

Over the past five years, homes bought by LGBTQ buyers were 170 square feet smaller and 15 years older, typically, than those purchased by non-LGBTQ buyers.<\/span><\/span><\/p>\n

\u201cUnderstanding how buyers navigate the housing market is essential to Realtors\u00ae,\u201d says Jessica Lautz, NAR\u2019s vice president of demographics and behavioral insights. \u201cThis report details the impact of the housing affordability challenges on LGBTQ buyers, who typically had lower household incomes and were more likely to be purchasing more affordable homes.\u201d<\/span><\/span><\/p>\n

NAR first added a question about sexual orientation to its annual Profile of Home Buyers and Sellers study in 2015.<\/span><\/span><\/p>\n

Characteristics of homes bought\/sold<\/span><\/span><\/h3>\n
The median sale price for homes purchased by LGBTQ buyers was $245,000, compared to $268,000 for non-LGBTQ buyers. LGBTQ buyers were much more likely to have purchased in urban areas and less likely in small towns or rural areas. There was no purchasing difference in a suburb or subdivision.<\/span><\/span><\/p>\n
LGBTQ buyers expect to spend 10 years in their new home \u2013 five years fewer than non-LGBTQ buyers\u2019 expectations at the time of purchase.<\/span><\/span><\/p>\n
While the study found no difference between LGBTQ and non-LGBTQ buyers as far as type of home \u2013 single-family, detached, condo, etc. \u2013 it did find a difference among sellers. LGBTQ sellers were less likely to sell a detached single-family home (69% LGBTQ vs. 81% non-LGBTQ), and more likely to sell a townhouse\/row house (11% vs. 6%) or an apartment condo (8% vs. 4%).<\/span><\/span><\/p>\n
Characteristics of buyers and sellers<\/span><\/span><\/h3>\n
Since 2015, the percentage of LGBTQ home buyers and sellers has been a steady 4%, with 51% identifying as male, 40% identifying as female, and 8% identifying as non-binary, gender-nonconforming or third gender.<\/span><\/span><\/p>\n
Married couples made up 39% of LGBTQ buyers and sellers, 21% by unmarried couples, 22% by a single male and 15% by a single female. The median age (42) and annual income ($93,200) of LGBTQ buyers and sellers were slightly lower than non-LGBTQ buyers and sellers (46 and $97,000, respectively).<\/span><\/span><\/p>\n
Of LGBTQ home buyers, 42% were first-time buyers, compared to just 32% for non-LGBTQ buyers. However, the two groups were about equally likely to be first-time home sellers \u2013 at 37% and 33%, respectively.<\/span><\/span><\/p>\n
When examining demographics, NAR says the type of sexual orientation made a difference, notably between lesbian\/gay buyers and sellers and bisexual buyers and sellers. The typical bisexual home buyer and seller was 34 years old, compared to 45 among buyers and sellers identifying as gay or lesbian \u2013 and 63% of bisexual buyers and sellers were female. They were more likely to report single-income households than other home buyers, even when controlling for age. Bisexual home buyers were also much more likely to be first-time homebuyers (61%) or first-time home sellers (50%) than other groups.<\/span><\/span><\/p>\n
Considerations in a home search<\/span><\/span><\/h3>\n
When considering home locations, the three most important qualities \u2013 quality of neighborhood, convenience to job and overall affordability \u2013 were the same for all groups. However, LGBTQ buyers were less concerned overall about convenience to friends and family compared to non-LGBTQ buyers. They also placed more importance on convenience to entertainment and leisure and proximity to a veterinarian. Additionally, LGBTQ buyers were less likely to value local schools, convenience to health facilities and lot sizes than other Americans.<\/span><\/span><\/p>\n
\u201cAll Realtors are obligated by NAR\u2019s Code of Ethics to provide equal professional service without discrimination based on sexual orientation or gender identity,\u201d says NAR President Charlie Oppler. \u201cAs we recognize Pride Month and Homeownership Month this June, it\u2019s important to continue the pursuit of equal housing opportunities for everyone. Our communities are stronger when we are more inclusive.\u201d<\/span><\/span><\/p>\n
\u00a9 2021 Florida Realtors\u00ae<\/span><\/span><\/p>\n<\/div><\/div>\n
Go to Source<\/a>
\nAuthor: marlam<\/p>\n","protected":false},"excerpt":{"rendered":"
By Kerry Smith The annual report compares LGBTQ buyers and sellers to the overall market. It found that LGBTQ buyers buy smaller and older homes, but they plan to move out five years earlier than other buyers. As a group, they tend to identify as male more than female, and be single and unmarried. WASHINGTON \u2013 Home buyers from America\u2019s LGBTQ community purchase older, smaller and less expensive homes than non-LGBTQ buyers, according to the 2021 Profile of LGBTQ Home Buyers and Sellers released by the National Association of Realtors\u00ae (NAR). Over the past five years, homes bought by LGBTQ buyers were 170 square feet smaller and 15 years older, typically, than those purchased by non-LGBTQ buyers. \u201cUnderstanding how buyers navigate the housing market is essential to Realtors\u00ae,\u201d says Jessica Lautz, NAR\u2019s vice president of demographics and behavioral insights. \u201cThis report details the impact of the housing affordability challenges on LGBTQ buyers, who typically had lower household incomes and were more likely to be purchasing more affordable homes.\u201d NAR first added a question about sexual orientation to its annual Profile of Home Buyers and Sellers study in 2015. Characteristics of homes bought\/sold The median sale price for homes purchased by LGBTQ buyers was $245,000, compared to $268,000 for non-LGBTQ buyers. LGBTQ buyers were much more likely to have purchased in urban areas and less likely in small towns or rural areas. There was no purchasing difference in a suburb or subdivision. LGBTQ buyers expect to spend 10 years in their new home \u2013 five years fewer than non-LGBTQ buyers\u2019 expectations at the time of purchase. While the study found no difference between LGBTQ and non-LGBTQ buyers as far as type of home \u2013 single-family, detached, condo, etc. \u2013 it did find a difference among sellers. LGBTQ sellers were less likely to sell a detached single-family home (69% LGBTQ vs. 81% non-LGBTQ), and more likely to sell a townhouse\/row house (11% vs. 6%) or an apartment condo (8% vs. 4%). Characteristics of buyers and sellers Since 2015, the percentage of LGBTQ home buyers and sellers has been a steady 4%, with 51% identifying as male, 40% identifying as female, and 8% identifying as non-binary, gender-nonconforming or third gender. Married couples made up 39% of LGBTQ buyers and sellers, 21% by unmarried couples, 22% by a single male and 15% by a single female. The median age (42) and annual income ($93,200) of LGBTQ buyers and sellers were slightly lower than non-LGBTQ buyers and sellers (46 and $97,000, respectively). Of LGBTQ home buyers, 42% were first-time buyers, compared to just 32% for non-LGBTQ buyers. However, the two groups were about equally likely to be first-time home sellers \u2013 at 37% and 33%, respectively. When examining demographics, NAR says the type of sexual orientation made a difference, notably between lesbian\/gay buyers and sellers and bisexual buyers and sellers. The typical bisexual home buyer and seller was 34 years old, compared to 45 among buyers and sellers identifying as gay or lesbian \u2013 and 63% of bisexual buyers and sellers were female. They were more likely to report single-income households than other home buyers, even when controlling for age. Bisexual home buyers were also much more likely to be first-time homebuyers (61%) or first-time home sellers (50%) than other groups. Considerations in a home search When considering home locations, the three most important qualities \u2013 quality of neighborhood, convenience to job and overall affordability \u2013 were the same for all groups. However, LGBTQ buyers were less concerned overall about convenience to friends and family compared to non-LGBTQ buyers. They also placed more importance on convenience to entertainment and leisure and proximity to a veterinarian. Additionally, LGBTQ buyers were less likely to value local schools, convenience to health facilities and lot sizes than other Americans. \u201cAll Realtors are obligated by NAR\u2019s Code of Ethics to provide equal professional service without discrimination based on sexual orientation or gender identity,\u201d says NAR President Charlie Oppler. \u201cAs we recognize Pride Month and Homeownership Month this June, it\u2019s important to continue the pursuit of equal housing opportunities for everyone. Our communities are stronger when we are more inclusive.\u201d \u00a9 2021 Florida Realtors\u00ae Go to Source Author: marlam<\/p>\n","protected":false},"author":4,"featured_media":5196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5195"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=5195"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/5196"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=5195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=5195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=5195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}