Records show that appraisers more often make lower home value estimates in neighborhoods where a majority of residents are people of color.
The records show that appraisers more often make lower home value estimates in neighborhoods where a majority of residents are people of color.
"It's important to understand the scope of the problem in the sense of the impact it can have on homeowners. It robs so much wealth from our neighborhoods," Illinois Realtors CEO Jeff Baker said. However, Bishop admits the lack of diversity among appraisers could color how homes in certain neighborhoods are valued.
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