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Appraisals

What would the Biden administration's new plan do to fight racial bias in home appraisals?

by Savannah Maher
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.
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New rule could hurt home appraisal business

by Amy Scott
Oct 9, 2019
Some 40% of home sales may no longer require appraisals.
A house for sale in Miami, Florida.
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Proposed rule would mean fewer home appraisals

by Amy Scott
Aug 26, 2019
If approved, the regulation would raise the threshold for required appraisals to transactions above $400,000.
A real estate agent tours a home for sale during a broker open house in San Francisco in April.
Justin Sullivan/Getty Images
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