Families of color must often take extreme measures to show the value of their home.
The plan offers a number of steps to improve oversight of the home appraisal industry, and train appraisers.
Sociologist Junia Howell shares her research on how appraisals contribute to inequality between Black and white homeowners.
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
Lower home appraisal values contribute to the wealth gap between white communities and communities of Black and Latinx people.
Homes in most white neighborhoods are worth an average of $250,000 more than those in mostly Black and Latinx neighborhoods.
