Freddie Mac Finds Residence Value determinations in Black, Latino Areas Extra Prone to Fall Quick

Properties in Black and Latino neighborhoods appraise for lower than their agreed-upon buy value extra usually than in white areas, in response to new analysis from government-backed mortgage large Freddie Mac.

About 15.4% of single-family properties in majority-Latino census tracts and 12.5% of houses in majority-Black areas appraised decrease than their contracted value between 2015 and 2020, Freddie Mac researchers discovered. The speed in white neighborhoods was 7.4%.

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