Appraisal Discrimination is on the Rise

In recent years, there has been a significant rise in appraisal discrimination across the United States. A 2022 study by the National Fair Housing Alliance found that racial inequality in appraisal values had increased by 75 percent from 2012 to 2022. This alarming statistic highlights the urgent need to address and combat discriminatory practices in the housing market.

Appraisal discrimination occurs when a property’s value is unfairly assessed based on the race, ethnicity, or other protected classes of the homeowner or the neighborhood. This practice not only perpetuates economic disparities but also undermines the principles of fair and equal housing.

Under the Fair Housing Act, appraisal discrimination is illegal. The Act prohibits any form of discrimination in housing transactions, including appraisals, based on race, color, national origin, religion, sex, familial status, or disability.

If you suspect that you have been a victim of appraisal discrimination, contact us at 504-596-2100 or file an electronic complaint with the link below.

Posted by Malcolm Phillipson 05/15/2024and categorized as Blog, Comunicados de prensa, Uncategorized
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