Racial Inequality In How Chicago-Area Homes Are Valued Is Increasing
“Although the federal government and professional appraisal associations removed explicit race language in determining home values, a racialized lens still harms Black communities today. A combination of a historical legacy of undervaluing Black neighborhoods, segregation, lack of knowledge of Black communities and stereotypes of these communities contribute to the wide disparity between appraised values in Black and white neighborhoods across the country.”