home appraisal

Ayako Marsh Miranda says that as a Black woman, she represents 0.7% of all appraisers in the U.S. She'd like a federal mandate for anti-bias training in the field.

National
Economy

Racial bias often creeps into home appraisals. Here's what's happening to change that

5:01am March 13, 2023

by Jennifer Ludden

Black and Latinx homes are more likely to be undervalued by real estate appraisers, who are mostly older white men. New recruiting and technology aims to change how appraisals are done and by whom.

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A "For Sale by Owner" sign is posted in front of property in Monterey Park, Calif., in April 2020.

National

Black And Latino Homeowners Are About Twice As Likely As Whites To Get Low Appraisals

6:00am September 23, 2021

by Joe Hernandez

A new analysis by Freddie Mac has found that only 7.4% of appraisals in majority-white census tracts came in below contract price, compared with 12.5% for Black areas and 15.4% for Latino ones.

A number of studies have found that Black-owned homes are undervalued when compared to those of white homeowners. This is especially true in historically Black neighborhoods. A 2018 report by the Brookings Institution finds that adds up to $156 billion in

National

A Black Woman Says She Had To Hide Her Race To Get A Fair Home Appraisal

5:00am May 21, 2021

by Jill Sheridan

Two low home appraisals spurred a Black woman in Indianapolis to administer her own fair housing test. The result led her to file a complaint alleging housing discrimination.

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