Studying Homebuying Trends of the LGB Community

first_img Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Studying Homebuying Trends of the LGB Community Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Diversity 2019-06-10 Mike Albanese Previous: Gathering Storm: Preparing Homeowners for Natural Disasters Next: How Best to “Age in Place” Sign up for DS News Daily Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Tagged with: Diversity June 10, 2019 1,179 Views center_img The National Association of Realtors (NAR) for the first time released its profile of Lesbian, Gay, and Bisexual Buyers and Sellers, and found that bisexual individuals were the most likely to indicate they were first-time homebuyers at 58%.Lesbian and gay buyers followed at 36% and 32% of heterosexuals indicated they were first-time homebuyers. Bisexuals were also the youngest buyers with an average age of 36 years old, but also had the lowest income of $62,400.Gay and lesbian buyers were the oldest at 45-years-old and heterosexuals reported an average age of 44 with a median income of $91,200, which is similar to the $92,900 median income for lesbian and gay buyers.Bisexuals were also the most likely to identify themselves as first-time sellers at 50%, with both 36% of heterosexuals and lesbian/gay identifying as first-time sellers.“The American Dream of homeownership traverses across the spectrum of our society—including sexual orientation—and Realtors always have and will continue to advocate so that anyone who wants to, and is capable of purchasing a home, is able to do so,” said NAR President John Smaby, a second-generation Realtor from Edina, Minnesota and broker at Edina Realty. “Realtors have always embraced the significance of the protections secured by the Fair Housing Act, and have encouraged efforts to extend them by amending our Code of Ethics in 2009 to prohibit discriminations based on sexual orientation and gender identity.”Eighty-six percent of bisexual buyers were most likely to purchase single-family homes, with lesbian/gay buyers the least likely at 79%. Heterosexual buyers were the most likely to purchase multi-generational homes at 13%. Lesbian/gay buyers were most likely live in an urban center at 28%.Freddie Mac reported in April that the LGBTQ homeownership rate remains 16% below the national average, according to a report by the National Association of Gay & Lesbian Real Estate Professionals (NAGLREP).According to this report, one of the biggest barriers to homeownership for the LGBT renter is not unlike that faced by most homebuyers—saving up for a down payment. Seventy percent of LGBT individuals surveyed by Freddie Mac listed this as a top challenge, whereas 81% of NAGLREP members cited lack of funds for a down payment and waiting for the right time to buy as the top hurdles keeping this demographic from owning a home.  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Studying Homebuying Trends of the LGB Community About Author: Mike Albanese Share Save The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

Third person killed on A5 in 24 hours

first_img Facebook Important message for people attending LUH’s INR clinic Twitter Third person killed on A5 in 24 hours Previous articleImpact of Brexit on agri-food sector discussed todayNext articleCelebrity Chef fears for future of Killybegs College News Highland By News Highland – September 5, 2018 News, Sport and Obituaries on Monday May 24th Twitter Google+ Facebook WhatsApp Pinterestcenter_img Google+ Three people have died in two road crashes in as many days on the A5 in Co Tyrone.A pedestrian, named locally as 69-year-old Sean Reid, was knocked down yesterday morning along the Great Northern Road section in Omagh.A married couple aged in their seventies died the day before in a two-vehicle crash on the Doogary Road on the other side of the town.It’s understood that the couple were visiting from England. RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews Community Enhancement Programme open for applications Loganair’s new Derry – Liverpool air service takes off from CODA Arranmore progress and potential flagged as population grows WhatsApp Nine til Noon Show – Listen back to Monday’s Programme Pinterestlast_img read more