General World News

A Black homeowner had her white friend represent her during an appraisal. The value of her home shot up by $149,000.

Home for sale

Summary List Placement

With the pandemic-era ability to work from home, the desire for homeownership has been on the rise this past year, with a housing inventory crisis developing as a result.

But the Indianapolis Star reported last week that Black homeowners who want to put their houses on the market or seek lower mortgage rates are at a disadvantage just because of their race. 

The Star spoke to Carlette Duffy, a Black homeowner who had sought three appraisals on her home to start the process of refinancing her current mortgage loan. The first two appraisers valued it at details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com