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Homes in Primarily Black Neighborhoods Are Undervalued by $46,000 on Average, Says Report This gap has remained stagnant over the last decade. Apr 22, 2021 News flash: The Fair Housing Act of 1968 did not entirely end discrimination in the housing industry, nor did it eliminate residential segregation. As MarketWatch reports, Black homeownership has hit its lowest point since the '60s. Plus as Zillow finds, Black Americans are rejected for mortgages at a higher rate than their white counterparts are. Now, a recent report from real estate brokerage Redfin shows how properties in p...

By Cherranda Smith Apr 21, 2021 Findings from new real estate studies show how Black Americans continue to shoulder the burden of housing discrimination, both in the value of their homes when they sell them, and in participating in the purchasing process in the first place.  A study conducted by Redfin, a national real estate brokerage found that homes in Black neighborhoods are undervalued by an average of $46,000. The study examined over 73 million houses listed and sold between the beginning of 2013 and February of this year, CNN reported. An analysis of the home exposed a gap between t...

Representative Maxine Waters(C) (D-CA) speaks to the media during an ongoing protest at the Brooklyn Center Police Department in Brooklyn Centre, Minnesota on April 17, 2021. - Police officer, Kim Potter, who shot dead Black 20-year-old Daunte Wright in a Minneapolis suburb after appearing to mistake her gun for her Taser was arrested April 14 on manslaughter charges. CHANDAN KHANNA/AFP via Getty Images Rep. Maxine Waters said protesters should be "more confrontational" if police enjoy impunity. Some on the right have accused her of in...

Maxine Waters did not incite a riot on Saturday. But she may have inspired a young woman to run for office. cdavis@insider.com (Charles Davis) © CHANDAN KHANNA/AFP via Getty Images Representative Maxine Waters(C) (D-CA) speaks to the media during an ongoing protest at the Brooklyn Center Police Department in Brooklyn Centre, Minnesota on April 17, 2021. - Police officer, Kim Potter, who shot dead Black 20-year-old Daunte Wright in a Minneapolis suburb after appearing to mistake her gun for her Taser was arrested April 14 on manslaughter charges. CHANDAN KHANNA/AFP via Getty...

Share: The average home in a primarily Black neighborhood is worth $46,000 less than a similar residence in a primarily White neighborhood, according to a data analysis published by the brokerage Redfin Corp (NASDAQ: RDFN). What Happened: Redfin number crunched home valuation estimates for more than 7 million homes nationwide that were listed and sold between 2013 through February 2021. In presenting its data, Redfin took into consideration factors that influence home valuations including size, condition, local school quality and the surrounding community. But with the considerations addres...