A Black family says they 'whitewashed' their home to get a higher appraisal. They're not the only ones krdo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from krdo.com Daily Mail and Mail on Sunday newspapers.
Despite decades of policies aimed at creating new generations of homeowners, many African Americans grapple with a hostile housing sector. Where did the assumptions go wrong?
In June 2021, President Joe Biden announced the creation of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) to root out racial and ethnic bias in home valuations after a report from the Federal Home Loan Mortgage Corporation found that appraisals for home purchases in ma
In June 2021, President Joe Biden announced the creation of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) to root out racial and ethnic bias in home valuations after a report from the Federal Home Loan Mortgage Corporation found that appraisals for home purchases in majority-Black and majority-Latino neighborhoods were roughly twice as likely to result in a value below the actual contract price compared to appraisals in predominantly-white neighborhoods.