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Racism and the lack of diversity in the appraisal business
MP3•Episode home
Manage episode 348541524 series 1249049
Content provided by BrickUnderground.com, BrickUnderground.com helps readers navigate NYC real estate, and Thrive in t. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BrickUnderground.com, BrickUnderground.com helps readers navigate NYC real estate, and Thrive in t or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Claims about racial bias in appraisals are not new but there are now reports the pandemic has made the situation worse. Recently, researchers digging through millions of appraisals from the Federal Housing Finance Agency found, yet again, evidence of systematic racial bias from appraisers. In a conversation with Jonathan Miller, president and CEO of appraisal firm Miller Samuel, he says this type of discrimination is likely to be as prevalent in New York City as it is in rest of the country and blames the lack of diversity in the appraisal business is a key driver of this bias. Related links: Employed persons by occupation, sex, race, and gender (U.S. Bureau of Labor and Statistics) The persistent evaluation of white neighborhoods as more valuable than communities of color (Eruka)
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60 episodes
MP3•Episode home
Manage episode 348541524 series 1249049
Content provided by BrickUnderground.com, BrickUnderground.com helps readers navigate NYC real estate, and Thrive in t. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BrickUnderground.com, BrickUnderground.com helps readers navigate NYC real estate, and Thrive in t or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Claims about racial bias in appraisals are not new but there are now reports the pandemic has made the situation worse. Recently, researchers digging through millions of appraisals from the Federal Housing Finance Agency found, yet again, evidence of systematic racial bias from appraisers. In a conversation with Jonathan Miller, president and CEO of appraisal firm Miller Samuel, he says this type of discrimination is likely to be as prevalent in New York City as it is in rest of the country and blames the lack of diversity in the appraisal business is a key driver of this bias. Related links: Employed persons by occupation, sex, race, and gender (U.S. Bureau of Labor and Statistics) The persistent evaluation of white neighborhoods as more valuable than communities of color (Eruka)
…
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60 episodes
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