A Word: Home Robbery
Slate News
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What Happens When You Confront Appraisers With This Data?
The most uppraisers use what we call a price comparison model, where they compare homes to others in a neighborhood to establish value. If if you have a home in a black neighborhood, it's more likely that they'll pick a house in a worse neighborhood with worse conditions to compare the price. And when you use those kinds of comparables, you get a lower price. We were actually on aa testifying in congress in 20 18. When presented this data, asked the members of the appraisal industry and myself, do we feel there's housing discrimination in the appraising of homes? And i was the only person that raised her hand.
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