There are numerous examples
Home appraisal increased by almost $100,000 after Black family hid their race
She was told her condo was worth $278,000 — $1,000 less than she paid for it 6 years earlier. But a second appraisal, in which she not include her race, valued her condo at $340,000. Experts say home appraisals add to inequities Black homeowners face: https://t.co/opSuR2UtDP
— Elvia Malagón (@ElviaMalagon) October 7, 2020
Black homeowner had a white friend stand in for third appraisal. Her home value doubled. https://t.co/ItadTN09kP
— Kaitlin Lange (@kaitlin_lange) May 13, 2021
A Black couple in California just found the appraisal for their (exact same) house shot up 50% when a White friend stepped in to pose as the homeowner.
— Ari Melber (@AriMelber) February 16, 2021
Digging in tonight in our report with @hmcghee …
California Black, Latina real estate couple lowballed $250,000 in home appraisal | https://t.co/636QJLwjfs #TheDevilYouKnow https://t.co/XPMmjgUG4Z
— Charles M. Blow (@CharlesMBlow) February 23, 2021
“…America is not racist”
— JerriLynn (@Jerri_Lynn25) May 6, 2021
An unconscious bias? Biracial Denver couple says they faced discrimination on home appraisal https://t.co/IDVq0RXcNZ
“We elected a Black President” and everything I just don’t understand…
— JerriLynn (@Jerri_Lynn25) May 6, 2021
Black California couple lowballed by $500K in home appraisal, believe race was a factor https://t.co/DA44yXUfQm via @abc7
It's prevalent Canada toohttps://t.co/GphYBm7fog
— Zolomon (@Galactus1999) May 7, 2021
Black California Homeowner Says He Almost Lost $155K In Home Appraisal Because Comps Chosen Were ‘Bottom of the Barrel’https://t.co/OtrUkv6ovZ
— JBE (@msjbe20a) April 1, 2021
A Black woman put her house on the market. Appraiser valued it at $125,000. She got a new appraisal and got a white man to pose as the home's owner. Samw house was valued at $259,000.
— Young Daddy (@Toure) May 27, 2021
How many Black-owned homes have been undervalued by appraisals that are robbing Black wealth?
Now ask yourself how many moments of valuation like this – in job interviews, at their job, in raising money for a business, in conversations with their doctors, in interactions with police – exist in every Black life and what the aggregated consequences are across generations. https://t.co/3B7AOJuWta
— Franklin Leonard (@franklinleonard) December 5, 2021
A 2018 study by the Brookings Institution found that homes in Black neighborhoods in U.S. metropolitan areas were undervalued by an average of $48,000, amounting to $156 billion in losses. https://t.co/CY81cSJhUn
— Eugene Scott (@Eugene_Scott) December 6, 2021
Proposed legislation addressing systemic appraisal discrimination would be the latest sign of reform in the appraisal industry, which determines the fair market value of homes https://t.co/CWlspTbsMs
— Bloomberg CityLab (@CityLab) March 6, 2022
Sad! 