appraisal
Black Book has joined with automotive software provider AlgoDriven to integrate Black Book’s vehicle valuations, VIN decoding and retail market data into AlgoDriven’s vehicle appraisal tool, EvalExpert, as AlgoDriven prepares to expand into the U.S. market. The companies said Black Book’s data offers EvalExpert users real-time insights into current vehicle values and market trends, enabling […]
The home appraisal industry is overwhelmingly white, male and aging: the Bureau of Labor Statistics says that of the 75,000 appraisers in the United States, 97 percent are white, and other surveys show that nearly three-quarters are both male and above the age of 45. This lack of representation, Black real estate professionals say, is […]
After 21 years as a residential appraiser, Sanedria Potter still gets incredulous looks when she shows up at a home to do her job. “You’re the appraiser?” she’s asked. Potter smiles to herself, understanding she’s an anomaly in her industry. Ninety-eight percent of home appraisers are white, according to the Bureau of Labor Statistics. As […]
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 […]
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