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NAR’s Profile of LGBTQ Home Buyers and Sellers

By MNR News posted 06-21-2021 06:49 AM

  

illustration of the pride colors with a house shaped cut outThe National Association of Realtors® has recently released its annual Profile of LGBTQ Home Buyers and Sellers. Below are some highlights:

  • LGBTQ buyers were more likely than non-LGBTQ buyers to be first-time home buyers, but about equally likely to be first-time home sellers.
  • LGBTQ buyers and sellers were slightly younger and earned slightly less than non-LGBTQ home buyers and sellers.
  • LGBTQ buyers were less likely than non-LGBTQ to have purchased a multi-generational home.
  • LGBTQ sellers were more likely than non-LGBTQ sellers to have sold a townhouse/row house or condo.
  • LGBTQ buyers purchased older and smaller homes than non-LGBTQ buyers.
  • LGBTQ buyers were much more likely to have purchased in urban areas/central cities and less likely to have bought in small towns or rural areas.
  • LGBTQ buyers are less concerned than non-LGBTQ about convenience to friends and family and placed higher importance on convenience to entertainment and leisure.
  • LGBTQ buyers are more likely than non-LGBTQ buyers to have used FHA loans.

Read NAR's full report here.

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