LGBTs Make Positive Impact on Housing Market

The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP), recently surveyed its members to find out what’s going on in real estate concerning LGBT clients

Highlights:

• By a 2:1 margin, those surveyed believe a sizeable number of their LGBT clients will become move up buyers in the near future vs. downsizer, 41% and 20% respectively.
• 27% of members believe a sizeable number of their LGBT clients may soon purchase a second home, while 31% predict an investment home purchase by clients may be on the horizon.
• A majority of those surveyed, 57%, believe a sizeable number of LGBT homeowners will spend more of their discretionary income on their home vs. 55% last year.
• 48% of NALGREP members believe a sizeable number of LGBT homeowners will make major renovations.

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