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Generally, "blockbusting" denotes the real estate and building development business practices which both profit and are fueled by anti-black racism. Real estate companies used deceitful tactics to make white homeowners think that their neighborhoods were being "invaded" by non-white residents, [6] which in turn would encourage them to quickly ...
This practice, also known as mortgage discrimination, began when the federal government and the newly formed Federal Housing Administration allowed the Home Owners' Loan Corporation to create "residential security maps", outlining the level of security for real-estate investments in 239 cities around the United States. On these maps, high-risk ...
The White House and the Department of Housing and Urban Development have heard the arresting stories of Black people’s homes’ being underappraised by up to $500,000 and Black homeowners ...
Some city planners and real estate companies exercised their private authority to uphold racial segregation at the community level. [21] In addition to discriminatory housing rules, violence and harassment were sometimes used by locals to discourage Black people from remaining in their cities after sundown. [22]
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger. NBC Universal 2 months ago The housing ...
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