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The Antiracist Economy - Episode 5
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On average, homes in neighborhoods where the majority of residents are white are appraised for $371,000 more than in neighborhoods where the majority of residents are people of color, the researchers found. This gap in values has increased 75 percent since 2013.
Even during economic boom times, systems, institutions, and policies that privilege whiteness, while excluding "others" operate as designed and the housing market is no different.
Relevant articles:
Home Appraised With a Black Owner: $472,000. With a White Owner: $750,000
Whatever Happened to the Starter Home?
Widespread Racial Bias Found in Home Appraisals
Older, White and Wealthy Home Buyers Are Pushing Others Out of the Market
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