How LGBTQ+ homebuyers can find allies in the market

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Overwhelmingly, homebuyers view finding the right home as the hardest part of the buying process.

There’s so much to consider: What can I afford? How much space do I need? And the most harrowing question of all — what am I willing to give up?, who may face the added pressure of evaluating a new community for safety and comfort.

“This often means a very private backyard, not having neighbors right on top of you,” she says, making yard space a priority commodity. “Privacy really is about safety.” Stone says that questions of safety and acceptance are frequently among the first questions she’s asked by clients relocating to Texas. “It is a very valid concern to have.”

LGBTQ+ buyers may also bring unique financial circumstances to the table. For example, Stone says, she has historically seen queer women looking at lower-priced homes and dealing with a level of scrutiny in their loan applications that exceeded their male counterparts. A 2022 analysis from the Federal Reserve Bank of St. Louis shows that more self-identifying lesbian and bisexual women have household savings and investments below $250,000 than men of any sexual orientation.

 

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