Source: The Washington Post —
Yet there is another, far less-discussed, but no less important tool perpetuating housing inequality: the practice of real estate appraisals. Crucially, the racial wealth gap is the racial housing gap. For every one dollar of equity the median Black homeowner in America has, the median White homeowner has nearly two dollars, according to a Brookings Institution report. Real estate appraisals were designed to support White homeownership and disadvantage minorities — and they still do today.