Homes in Black and Latino neighborhoods appraise for decrease than their agreed-upon purchase price additional sometimes than in white areas, in accordance with new evaluation from government-backed mortgage giant Freddie Mac.
About 15.4% of single-family properties in majority-Latino census tracts and 12.5% of homes in majority-Black areas appraised lower than their contracted price between 2015 and 2020, Freddie Mac researchers found. The pace in white neighborhoods was 7.4%.
https://www.wsj.com/articles/freddie-mac-finds-home-appraisals-in-black-latino-areas-more-likely-to-fall-short-11632245869?mod=rss_markets_main | Freddie Mac Finds Home Worth determinations in Black, Latino Areas Additional Liable to Fall Fast
