Home Ownership Sabotage-Homes Owned By Black Americans Are Undervalued By $156B

Residential property owned by black Americans has been greatly undervalued, a newly released joint Brookings Institution and Gallup study suggests. Homes in majority-black neighborhoods consistently sell or are appraised for lower prices, by an average of $48,000 per home, researchers found. That amounts to $156 billion in cumulative losses nationwide.

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