The report also points to a role for automated property valuation services as a way to combat racism, added Perry, author of 'Know Your Price: Valuing Black Lives and Property in America's Black Cities.' 'It's the utmost authority on housing, and they're basically saying there's appraiser bias that's robbing people of wealth.' 'What you have is arguably the most data-rich organization issuing a scathing report about appraisers,' Brookings senior fellow Andre Perry told CBS MoneyWatch. Housing discrimination experts say Freddie Mac's analysis highlights the widespread racial bias in home appraisals. The second appraisal came in as $557,000. The couple then decided to remove pictures of their family and replace them with photos of White people before getting a second appraisal, USA Today reported. In Ohio, Black homeowners Erica and Aaron Parker reportedly had their home appraised for $465,000.
The homeowner, Carlette Duffy, is now suing the appraiser who she said undervalued her property, the Indianapolis Star reported. An African-American homeowner who had her home in a historic neighborhood in Indianapolis appraised for $110,000 even though the true value was closer to $259,000.
