Will Marriage Equality Decisions Fuel California’s Real Estate Market?

The Supreme Court’s two decisions Wednesday supporting gay marriage could add fuel to California’s already hot housing market.

Gay Wedding“Married gay couples are going to have more confidence in making a home purchase,” predicted Nanette Lee Miller, West Coast partner-in-charge of assurance services at accounting firm Marcum in San Francisco.

Striking down the federal Defense of Marriage Act now means gay couples can pass assets to a surviving spouse without estate taxes, which added up quickly in San Francisco’s housing market where a million-dollar home is far from a mansion. The ability for the couple to collect spousal benefits under Social Security also is a big lift for the family finances.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Mark Calvey – See the Full Story at BizJournals.com

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