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A legacy of redlining and systemic racism in the housing market, this gap can create barriers for Black and Latino homeowners when it comes to selling their properties for a profit or obtaining ...
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 ...
Blockbusting was a business practice in the United States in which real estate agents and building developers convinced residents in a particular area to sell their property at below-market prices. This was achieved by fearmongering the homeowners, telling them that racial minorities would soon be moving into their neighborhoods.
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Blacks were shut out of the private real estate market, with many unable to purchase homes and bankers using federal appraisal policies that unfairly ruled black neighborhoods to be dangerous, risky investments, and were thus able to outright refuse loans to African-Americans. [41]
25. Buchanan Dam, Texas. January 2023 average home value: $390,776 January 2024 average home value: $357,933 YOY (%) change in average home value:-9.176% Difference from USA average home value ...
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