The 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.