LGBTQ people face discrimination in a number of ways every day, including in the housing industry. Those who are looking to purchase a home may be very reluctant due to stories they’ve heard about real estate agents, sellers, and lenders discriminating again st them. Studies done by Freddie Mac show that almost half (46%) of the 85,000 LGBTQ renters they surveyed are concerned that they will be discriminated against in their hunt for a house. The same study showed that 13% of those who did buy a house feel like they faced discrimination in some form.
Fear as a Barrier to Homeownership
The impact of this fear of discrimination is easy to see. Nationwide, 65% of people own their own home. However, in the LGBTQ community, this rate is only 49%. The fear of being discriminated against, even in areas that are quite liberal, leads to LGBTQ individuals and couples to abandon their dreams of owning a home before they even start.
For some, the fear isn’t even about the home buying process. They aren’t afraid of being discriminated against by real estate experts, lenders, or even sellers. However, they are concerned about their neighbors. Some 40% were afraid of how their neighborhoods would treat them if they started a family. This is one reason why looking for homes in the gay district is helpful—in most cases, you don’t have to worry about your neighbors, at least as far as accepting your relationship or decision to start a family goes.
Do You Have Anything to Truly Worry About?
Yes, sadly, discrimination against the LGBTQ community still happens. While it’s not always obvious in the real estate industry, it is present. Fortunately, it’s not always prevalent, especially in certain areas of the country. Plus, if you choose to work with a gay or lesbian real estate agent, you can at least know you’re working with someone who will not discriminate against you. They will be able to help you through the process of buying a home while also alleviating any worry that you may have about your agent.