The appraisal value of homes in predominantly Black and Latino neighborhoods is oftentimes much lower than that of houses in mostly White communities, according to a recent analysis from Freddie Mac.
The government-chartered mortgage giant's analysis includes more than 12 million home appraisals and pinpoints where in the U.S. those appraisals were completed. Researchers found that 12.5% of homes appraised in Black communities were valued at less than the original cost of constructing the home. That figure . . .
October 20, 2021