Race and the Property Valuation Industry
Appraisal Buzz
MAY 31, 2021
These color codes were designed to indicate where it was safe to insure mortgages. Anywhere African Americans lived or lived nearby, were colored red to indicate that these neighborhoods were too risky to insure mortgages. During this era, appraisers utilized comments regarding race that directly impacted home value estimates.
Let's personalize your content