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Mar 23, 2022

The Impact of Unfairly Low Home Appraisals

 


 Black Homes Matter | The Fair and Unbiased Appraisal Advocates | Non Profit

 "The appraisal industry remains one of the country’s least diverse professions; 98 percent of appraisers are White, according to the U.S. Bureau of Labor Statistics. Research has shown that appraisers choose comps in a narrower geographic range for properties in Black and Latino neighborhoods than in White neighborhoods, the report said."

From a Washington Post story detailing the economic damage done by unfairly low housing appraisals.

HERE is a link to the "Fair & Unbiased Appraisal Advocates" group.

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