Friday, December 24, 2021

Cool Black Owned Homes Lose Value 2022

Cool Black Owned Homes Lose Value 2022. “this is the money families use. One expert says thi plays a role in the racial wealth gap.

Black Owned Funeral Homes In Dallas Texas Review Home Co
Black Owned Funeral Homes In Dallas Texas Review Home Co from www.reviewhome.co

The price of racial bias: Homes in black neighborhoods are valued at an average of $46,000 less than similar homes in white neighborhoods. Nationally, each black home is worth $48,000 less on average compared to white homes.

The Price Of Racial Bias:


Homes in black neighborhoods are valued at an average of $46,000 less than similar homes in white neighborhoods. For nearly a decade, homes sold in mostly black neighborhoods have been undervalued by an average of $46,000, according to a redfin analysis released wednesday. Research conducted by perry noted the misvaluation of houses owned by black and brown families resulted in an average loss of $48,000 in value.

A Home In A Prosperous Black Neighborhood Is Still Only Worth As Much As A Home In A Disadvantaged, But Predominantly White, Neighborhood.


One expert says thi plays a role in the racial wealth gap. “this is the money families use. Nationally, each black home is worth $48,000 less on average compared to white homes.

While Inequity In Home Values Continues To Persist, The Data Show.


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