Since the Supreme Court ruled to make same-sex marriage legal in 2015, homeownership in the LGBT community has been on the rise, according to the National Association of Gay and Lesbian Real Estate Professionals’ 2017 Homeownership Survey.
Of the more than 300 NAGLREP members surveyed, 47 percent say they believe more married same-sex couples are purchasing homes now than prior to the Court’s two-year-old ruling. Forty-six percent say they believe the LGBT community is more interested in homeownership as a result of the ruling.
“We firmly believe that when Jim Obergefell won his Supreme Court case, it was the start of a paradigm shift for the LGBT community,” says NAGLREP founder Jeff Berger. “The confidence we gained, coupled with society’s continued acceptance of the community, is having an impact.”
Twenty-nine percent of respondents to NAGLREP’s survey say they believe a significant number of their LGBT clients will be more motivated to move from urban areas to the suburbs in the coming year compared to 24 percent who say the reverse.
However, discrimination among the LGBT community remains a chief concern. Forty-four percent of respondents say they fear many of their LGBT clients will continue to experience the same or worse discrimination than in the past. “We still have a long way to go to eradicate housing discrimination against our community,” Berger says.
- 50% believe a sizeable number of their LGBT clients will become homeowners in the coming year while “move up” buyers (49%) will dwarf downsizers (18%).
- LGBT homeowners may go on a spending spree with 55% of surveyed agents expecting a sizeable number of their clients will spend more of their discretionary income on their home in the coming year, including new furniture (51%) and smart home technology (50%).
- 34% of surveyed agents indicated that a sizeable number of their LGBT clients will purchase a second home in the next 12 months.
- 70% of agents believe the same amount or more of their LGBT clients will look for a new job in the coming year compared to previous years.