Black Homeowners Face Severe Devaluation in Housing Market
Jan 19, 2022
Historically, Black Americans have faced many forms of discrimination when it comes to housing in the United States.
While some practices like redlining have been outlawed and policies against bias have been enacted, loopholes always seem to find a way to continue the toxic cycle of racism in the housing industry.
A recent analysis of home values by Redfin found that homes in majority Black neighborhoods are valued $46,000 less than homes with similar structures and features in majority white neighborhoods.
Homeowner Jacqulyn Priestly, who works with Black Homes Matter as a community advocate, joins Aisha Mills on “AMplified” to discuss the devaluing of homes with Black owners.