NAR Appraisal Summit: Fair Housing Issues in Real Estate Appraisal

Currently, there is a considerable wealth gap between white households and black households, even among homeowners. Recent research suggests that the way homes are valued might play a factor in exacerbating that inequality. Where does the source of this problem lie? How can it be fixed? On August 5, NAR’s panelists delved deeply into the subject and presented solutions that maintain a fair and equitable system for valuing real estate.

[GhostSal]

The gap isn’t about “race”, it is about safety, people pay less when the neighborhood is less safe.