Homes in white neighborhoods are assessed at double the value of comparable homes in communities of color.
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Tagged: Appraisals
Government Data Shows Growing Racial Gap In Appraisals
Veros Says It Study Shows AVM Eliminates Racial Bias
Reinforces previous conclusion from its first report that its AVM did not display racial bias.
Nov 02, 2022
How Do We Get Bias Out Of Appraisals?
A Baltimore study found appraisers showed bias in valuations and service, favoring white homeowners.
Oct 27, 2022
Oct 27, 2022
Federal Agencies Announce Threshold for Smaller Loan Exemption
The 2023 threshold will involve exempting loans from special appraisal requirements for higher-priced mortgage loans.
Oct 14, 2022
Appraisers Share Biggest Challenges In Recent NAR Survey
Lack of inventory, declining housing affordability cited most often.
Sep 28, 2022
U.S. House Passes VA Appraisal Modernization Legislation
'This legislation is an important first step towards broad modernization of VA appraisal processes.'
Sep 15, 2022
Black Knight Launches Tool To Prevent Minority Bias In Appraisals
Appraisal bias has been the subject of discussion on a national level as research shows that inequities in home lending and appraisal processes disproportionately impact communities of color.
Apr 25, 2022