📰 APPRAISAL GAPS: STILL HURTING HOMEOWNERS OF COLOR
📌 2020–2023 Snapshot:
Majority-Black neighborhoods see home appraisals 21–23% below comparable white areas.
12.5% of Black-majority tract homes appraised under contract—compared to 7.4% in white tracts.
Although FHFA reports some improvement, a 3.8 pp gap persists in 2023.
🏘️ Why It Matters:
Under-appraising cuts into homeowner equity and halts wealth building—especially for Black and Latino families.
Home equity is often the primary wealth tool—so this gap reinforces systemic disadvantage across generations.
🛠 What’s Being Done:
HUD and FHFA’s PAVE task force launched reforms in 2022.
Federal agencies now mandate bias training, guidelines, and improved appraisal rules.
Early results show narrowing—but not elimination—of appraisal gaps.
⚖️ The Ask:
Lenders and appraisers: implement bias audits, train continuously, diversify the profession.
Policymakers: enforce anti-bias regulations and invest in equitable appraisal practices.
💬 Share if you believe EVERY homeowner deserves a FAIR appraisal.
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sometimes as an adult you gotta decide "this is the last time these people gone make me feel this way" & stand on it. whether it be family, a relationship or a friendship.. stand on it 🗣️
10/22/2023
Power money And s*x!!! 😂😂 And s*x!!!
EMPTY!!
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10/19/2023
📣 Get ready for the ultimate kickoff to the Building Black Wealth Tour in Birmingham!
Join us on October 23rd at the Birmingham Black Wealth Tour Rally as we unveil the 2023 Black Summit and the groundbreaking SHIBA Report for its 11th cycle! 🌟
Don’t miss this FREE opportunity to empower your financial journey. Save the date and be part of the movement! 💰✨
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