Thegrio Politics
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Homes in Black Communities See Loss of $156 Billion Due to Racism in Appraisals
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December 8, 2021
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Dec 8, 20215:52Now PlayingAn article in The Washington Post argues that racial injustice is preventing Black homeownership.
It tells the story of a couple in San Francisco who says an appraiser lowballed them before they "whitewashed" their home. Additionally, a study from the Brookings Institution found that homes in Black neighborhoods were undervalued by an average of $48,000, amounting to $156 billion in losses. Shanta Patton, the vice president and the national education chair for the National Association of Real Estate Brokers, joins "BNC Live" to discuss how to fight the misjustice.
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#Blackhomeownership #homeappraisals #Blackhomeowners
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