Concerns Of Racism In Home Appraisals

Click here to learn more about this overwhelmingly growing concern among Black homeowners across the country. Due to ongoing complaints, the Biden-Harris Administration has taken “federal steps” to help discern and mitigate racial biases in home appraisals.

Through the Administration’s actions to “build Black wealth and narrow the racial wealth gap,” a part of the initiatives will focus on home appraisals. The action reads verbatim, “take action to address racial discrimination in the housing market, including by launching a first-of-its-kind interagency effort to address inequity in home appraisals, and conducting rulemaking to aggressively combat housing discrimination.” This may also interest you: “Housing Discrimination Under the Fair Housing Act”