Fighting Real Estate Appraisal Bias

Fighting Appraisal Bias: How the Government and Housing Industry ...

Appraisal bias is most often perpetuated by the person determining the home's value — the real estate appraiser. The most common appraisal ...

Action Steps to Take Against Appraisal Bias

Real estate professionals can play a major role in combating racial bias by identifying red flags and taking recourse on behalf of their clients. Hammonds says ...

Protecting homeowners from discriminatory home appraisals

You can also report housing discrimination, including discrimination involving appraisals, to DOJ by calling 1-833-591-0291, emailing ...

How to Challenge a Home Appraisal | MyCreditUnion.gov

Appraisal bias occurs when an appraiser considers factors such as the race or ethnicity of a homeowner or the racial or ethnic composition of a ...

Preventing appraisal bias - Wipfli LLP

On June 1, 2021, President Biden announced the interagency initiative to combat bias in home appraisals, which became the Interagency Task Force ...

Fighting Real Estate Appraisal Bias - Consumer & Business

Real Estate Appraisal Bias occurs when race, ethnicity, gender, sexual orientation, and other personal factors influence how a real estate appraiser determines ...

What Is Home Appraisal Discrimination? - Business Insider

Appraiser education can help, too. There are courses appraisers can take in Fair Housing, bias, discrimination, and more. Working with Fair ...

Exploring Policy Actions to Reduce Appraisal Bias

Earlier this year, the Biden-Harris administration announced a set of actions intended to address racial bias in the home appraisal process.

Reducing Valuation Bias by Addressing Appraiser and Property ...

FHFA and other agencies are exploring many ways to combat appraisal bias, including increased transparency and awareness and more training and ...

Unfair Home Appraisal? How to Fight Back Against Discrimination

What to Do if You Suspect Appraisal Bias · File a complaint against the appraiser. · Connect with a fair housing specialist to file a ...

PAVE | Interagency Task Force on Property Appraisal and Valuation ...

Working as a coordinated team of 13 federal agencies, we developed a transformative set of recommendations to root out racial and ethnic bias in home valuations ...

How Lenders Combat Appraisal Bias - Corporate Settlement Solutions

The PAVE Action Plan highlights recent research from Freddie Mac finding that appraisals for home purchases in majority-Black and majority-Latino neighborhoods ...

Tackling Appraisal Bias for Fairer Home Assessments

Unveiling the Appraisal Bias ... While housing appraisals are intended to be objective assessments of a property's value, research has uncovered a ...

Our commitment to accurate, objective, and unbiased appraisals

By capturing more property and market information as objective data points and using less free-form commentary, this will help reduce subjectivity and thus ...

Four Resources for Fighting Appraisal Bias - MortgageOrb

One area that has come into the spotlight recently is home appraisals. There are many reasons why minority homeowners believe they are not ...

How data and technology can combat appraisal bias - HousingWire

“These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said. “The need to physically inspect each property ...

Combating Appraisal Bias Series: Identify, Empower, and Collaborate

Housing counseling agencies (HCAs) play a significant role in combating appraisal bias as they work with clients every day who rely upon ...

Appraisal Bias Focus Continues in 2024 | Of Interest

As of January 1, the amended USPAP (the operational standards that govern real property appraisal practice) includes updates to the Ethics Rule ...

Regulating Housing Appraisal Bias - The Regulatory Review

Scholars recommend policies to close valuation gaps and bias in home appraisals.

Fair and Equitable Appraisals - Urban Institute

Industry leaders can also work to combat biased appraisals by diversifying the workforce tasked with conducting them. Nearly 90 percent of the home appraiser ...