Racial gap in appraisals devalues homes owned by people of color

Jun 8, 2021
Lower home appraisal values contribute to the wealth gap between white communities and communities of Black and Latinx people.
Real estate agent Don Robinson said he has seen the devaluing of homes in Black neighborhoods in Chicago with little recourse for the owners.
Manuel Martinez/WBEZ

To narrow racial wealth gap, Biden plan takes aim at home appraisal inequality

Jun 1, 2021
Homes in most white neighborhoods are worth an average of $250,000 more than those in mostly Black and Latinx neighborhoods.
President Joe Biden laid out policy proposals aimed at narrowing the racial wealth gap during a speech in Tulsa, Oklahoma. Above, Biden speaks with Michelle Brown-Burdex of the Greenwood Cultural Center.
Mandel Ngan/AFP via Getty Images