Survey: Gay marriage ruling could affect housing
A recent survey conducted by Better Homes and Garden shows that the number of Americans who own a home drops by 12 percent in the LGBT community, and experts believe Thursday's ruling on same-sex marriage can equalize the playing field.
"There's been something holding back the lesbian-gay community with home ownership. Part of it is the fact that they've not been able to do home-formation as easily as straight people are. And that just changed," says Joe Rand, managing partner at Better Homes and Garden Estate Rand Realty.
According to the survey, Americans of all backgrounds want to own a home. But the poll found that while 62 percent owned one, the number drops to 50 within the LGBT community.
Rand says almost 90 percent of those surveyed say they'd move forward with big financial purchases if the Supreme Court ruled in their favor. That means the nation's highest court's landmark decision to extend same-sex marriage nationwide could also be very good news for the American economy.