Black Homeowners Face Discrimination in Appraisals
- June 25, 2021
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Black Homeowners Face Discrimination in Appraisals Companies that value homes for sale or refinancing are bound by law not to discriminate. Black homeowners say it happens anyway. A second appraisal valued Abena and Alex Horton’s Jacksonville home 40 percent higher than the first appraisal, after Ms. Horton removed all signs of Blackness.
Even in mixed-race and predominantly white neighborhoods, Black homeowners say, their homes are consistently appraised for less than those of their neighbors, stymying their path toward building equity and further perpetuating income equality in the United States.
How does discrimination affect Black Homeownership in the US?
Can a black homeowner get a second appraisal?
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