Every June, there are celebrations throughout the world to recognize Lesbian, Gay, Bisexual, Transgender, and Queer (LGBTQ) Pride Month. Pride promotes the self-affirmation, dignity, equality, and increased visibility of LGBTQ people while seeking to erase shame and social stigma. These events are an opportunity to celebrate how far the LGBTQ community has come, but also recommit to the work that must be done to achieve equality.
The first official Pride parade began a year after the Stonewall Riots, a major turning point in the modern gay civil rights movement. On June 28, 1969, police raided the Stonewall Inn, a popular gay bar in the Greenwich Village section of New York City. Although this was commonplace at the time, the patrons and neighborhood fought back when the police became violent. This led to a larger national conversation about LGBTQ rights. Within a few years, gay rights organizations were founded across the U.S. and the world, giving the LGBTQ community a stronger, more cohesive voice. Today, Pride events are held annually throughout the world toward the end of June to mark the Stonewall riots.
However, LBGTQ individuals still face discrimination when it comes to homeownership. The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) released the LGBT Real Estate Report 2020-2021, which spotlighted some of the pressing issues.
- LGBTQ homeownership rates are at 49% versus the national average of 65%.
- 46% of LGBTQ individuals surveyed fear discrimination in their future home buying process.
- Loan approval rates for same-sex couples were 3-8% lower than heterosexual couples.
- Same-sex applicants were 73% more likely to be denied a loan than heterosexual couples.
- Same-sex couples paid 0.5% more in interest and fees.
At the BHHS Fox & Roach, REALTORS® family of companies, we’re committed to changing these statistics. Our real estate professionals embrace the protections secured by the Fair Housing Act and encourage efforts to extend them to include sexual orientation or gender identity. We believe that the American dream of homeownership should be accessible to all and will tirelessly advocate for the LGBTQ community.