How LGBTQ+ homebuyers can find allies in the market

  • 📰 ladailynews
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 332. in BUSİNESS

Business Business Latest News, Business Business Headlines