It is well-documented that homes in Black neighborhoods generally appraise for less value than similar properties in predominantly white …
Black-owned homes are often undervalued, making building wealth even tougher
It is well-documented that homes in Black neighborhoods generally appraise for less value than similar properties in predominantly white areas. There’s no single explanation for this disparity, which is the result of hundreds of years of history and policy — as well as social biases — but it’s clear that the appraisal gap has a tangible impact on Black homeowners.
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