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Stories Tagged as

Home appraisals

My Economy

Whitewashing: the rewritten past of a home

by Nicholas Guiang
Jun 28, 2023
Families of color must often take extreme measures to show the value of their home.
After the experience with her parents house, Jillian White says she doesn't know if she'd whitewash a home again.
Tim Boyle/Getty Images
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What would the Biden administration's new plan do to fight racial bias in home appraisals?

by Savannah Peters
Mar 24, 2022
The plan offers a number of steps to improve oversight of the home appraisal industry, and train appraisers.
Though the Fair Housing Act requires appraisers not to discriminate based on race, there are still big discrepancies between the value of homes owned by white versus Black or Latinx households.
Scott Olson/Getty Images
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When it comes to the racial wealth gap, home appraisals are part of the problem

by Amy Scott and Sean McHenry
Aug 9, 2021
Sociologist Junia Howell shares her research on how appraisals contribute to inequality between Black and white homeowners.
The key to understanding racial inequality and appraisals is not through individual appraisers’ decisions, says sociologist Junia Howell. It’s “how the system or the way that we appraise houses more generally is structured or arranged."
Tim Boyle/Getty Images
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Race and Economy

Can changing home appraisal language help close the wealth gap?

by Matt Levin
Jul 27, 2021
Descriptions in appraisal reports can create racial bias and reduce the selling price of a home. Fannie Mae is trying to clamp down on tha
Fannie Mae issued new guidance to appraisers to avoid terms it labeled racially problematic, like “crime-ridden” and “integrated community."
Karen Bleier/AFP via Getty Images
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Race and Economy

Racial gap in appraisals devalues homes owned by people of color

by Natalie Moore
Jun 8, 2021
Lower home appraisal values contribute to the wealth gap between white communities and communities of Black and Latinx people.
Real estate agent Don Robinson said he has seen the devaluing of homes in Black neighborhoods in Chicago with little recourse for the owners.
Manuel Martinez/WBEZ
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Race and Economy

To narrow racial wealth gap, Biden plan takes aim at home appraisal inequality

by Samantha Fields
Jun 1, 2021
Homes in most white neighborhoods are worth an average of $250,000 more than those in mostly Black and Latinx neighborhoods.
President Joe Biden laid out policy proposals aimed at narrowing the racial wealth gap during a speech in Tulsa, Oklahoma. Above, Biden speaks with Michelle Brown-Burdex of the Greenwood Cultural Center.
Mandel Ngan/AFP via Getty Images
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