Homes in Black neighborhoods undervalued by $46,000

Source: Housing Wire — 

In analyzing more than 7 million homes sold between 2013 and the beginning of 2021, Redfin found homes in Black neighborhoods are undervalued by an average of $46,000 compared to homes in primarily white neighborhoods, the company said.

The report accounts for the fundamental factors contributing to a home’s value, such as size, condition, neighborhood amenities and schools.