After concerns of racism in home appraisals, what will it take to fix the $156 billion racial housing gap? (San Francisco Chronicle)
Late last year, members of a Black family from the North Bay alleged that an appraiser lowballed them by hundreds of thousands of dollars before they “whitewashed” their home. It was only after they removed personal items and asked a white friend to stand in for a second appraisal, according to the family’s lawsuit, that the home’s perceived value shot up by $487,500.