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Appraisal bias not a ‘new’ problem, DEI officer says

Valuation Review

Valuation Review sat down with CBC Mortgage Agency Diversity, Equity & Inclusion Officer Tai Christensen to discuss a variety of aspects surrounding appraisal bias/disparity. Christensen also gave insight as to why minority applicants are likely to receive an appraisal value lower than the contract price.

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April Newsletter-Markets Still Flying

DW Slater Company

Many of those went under contract in February so there is a lag in market impacts. Appraiser’s Corner. Check out this month’s information just for real estate appraisers. Great Appraisal Reads. A shift in demand for the housing market – Sacramento Appraisal Blog. – Cleveland Appraisal Blog.

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Freddie Mac: Research examines causes for appraisal valuation gap in minority neighborhoods

Valuation Review

Freddie Mac released an analysis showing appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households. The extent of that appraisal gap increases as the percentage of Black and Latino individuals in the census tract increases.