01/20/2022 | Press release | Distributed by Public on 01/20/2022 15:07
Fannie Mae's latest research evaluates appraisal values of homes owned by Black and white borrowers refinancing their homes. According to an analysis of 1.8 million appraisals in 2019 and 2020:
Accurate and unbiased appraisals can help remedy the legacy of racial inequities in the housing market. Modernizing the appraisal process, as well as fostering diversity in the appraisal workforce, are two ways the housing industry can help minimize the chance of racial bias in home valuation.