When it comes to the racial wealth gap, home appraisals are part of the problem

Aug 9, 2021
Sociologist Junia Howell shares her research on how appraisals contribute to inequality between Black and white homeowners.
The key to understanding racial inequality and appraisals is not through individual appraisers’ decisions, says sociologist Junia Howell. It’s “how the system or the way that we appraise houses more generally is structured or arranged."
Tim Boyle/Getty Images

Can changing home appraisal language help close the wealth gap?

Jul 27, 2021
Descriptions in appraisal reports can create racial bias and reduce the selling price of a home. Fannie Mae is trying to clamp down on tha
Fannie Mae issued new guidance to appraisers to avoid terms it labeled racially problematic, like “crime-ridden” and “integrated community."
Karen Bleier/AFP via Getty Images

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