For non-LGBTQ groups, those numbers are 70% and 75%. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.Īccording to the Williams Institute at the UCLA School of Law, 50% of LGBTQ adults and 64% of LGBTQ couples own their own homes. This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. Home prices shot up, starting in 2020, as stimulus from Congress and the Federal Reserve coincided with a work-from-home boom. Mrad's frustrations are shared by many prospective home buyers across the country over the past two years.
