Tag: appraisal bias
In 2022, a government task force released an action plan about combating bias in the appraisal industry. How can CDFIs fight back against the damage caused by under-appraisals?
Newly released data on home appraisal practices is a step forward in the fight against racially biased appraisals. There’s still a long way to go.
Homes owned by people of color are appraised for less than identical homes owned by white families. Nationwide, that’s led to more than $150 billion in lost equity. How can we stop appraisal bias?