Racial bias often creeps into home appraisals. Here's what's happening to change that

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Black and Latinx homes are more likely to be undervalued by real estate appraisers, who are mostly older white men. New recruiting and technology aims to change how appraisals are done and by whom.

— when banks refused loans to families of color — means that even today home prices in Black neighborhoods are lower overall. And Liss says current guidelines encourage appraisers to pick nearby comps from within those redlined areas, essentially baking in the racism. By contrast,To counter redlining's impact, Liss is experimenting with artificial intelligence to see if it can choose more appropriate comps.

Tim Staudenmaier of Class Valuation demonstrates how the company uses 3D scanning to calculate square footage and gather other data for less-subjective home appraisals.Tim Staudenmaier of Class Valuation demonstrates how the company uses 3D scanning to calculate square footage and gather other data for less-subjective home appraisals.To get around that, the company uses 3D scanning.

In fact, since little training is needed, the company actually sends a technician to measure homes and then share that data with the appraiser. That's more efficient, as appraisers can produce reports more quickly — a major help during the pandemic homebuying frenzy.

 

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Good

Sorry but did you mean Latino

The word 'Latinx' is offensive cultural appropriation. Just stop.

Another BS story from Marxist NPR

We know. Remember the case with the Black family who had to get a White person to pose as the owner then they sued?

Budget cuts make NPR hire freshman Liberals Arts College news editor. First “Person who identifies as Asian”, now nausea provoking “Latinx” Just change to Irrational Wokeness Radio.

What's a Latinx?

When you say black and Latino you mean black right

“Latinx” is a racial slur

The article only references one example, but claims bias often creeps into the appraisal process. Please site more examples, better yet please post the appraisals.

Very interesting that all the people who have a problem happen to be overwhelmingly white presenting. As someone who works in the appraisal industry, we specifically have to read reports to see signs of discrimination. It happens FREQUENTLY and is very difficult to deal with

Latinos are more damaged and insulted by white cultural warriors trying to erase our language and culture than real state discrepancies. Latinos don't consider homes to be transactional items. Our homes are places where our kids were raised, memories created - invaluable.

Stop 'Latinx'

How does one pronounce 'Latinx'?

Latino... latinx is an insult

By using the offensive term “Latinx,” you just undervalued us. Thanks.

What the fuck is a Latinx! Sorry the reality is mostly White neighborhoods are nicer and therefor worth more. My Mexican friend moved in next door to me and guess what his house is worth more than the old hood he lived in. He worked hard for it.

This started out about Black families and right on cue we’re lump in with Latinos nor do I believe they’re face with such racism as Black Americans!

Please stop anglicizing the Latino community.

Latinx people.....wow! A new subgroup!

Here is an idea, YOU say this demographic has been hit harder by covid in jobs than anyone, encourage them to become appraisers! Great job now, housing will not stay down forever. issue solved.

Let’s just do it with all words. Blxck and Latinx hxmes by rexl xstate xppraisers who are mostly xlder whxte mxn. I mean everything looks better with the vowels taken out and replaced by X, don’t you thxnk?

is that pronounced Latinks, or Latinex, or LatinHEEEEE like a latin x sounds?

Actually it’s probably more likely that they live in absolute shit-hole neighborhoods.

It’s LATINO or LATINA - thanks, from all Latinos.

Yes, this is exactly what the banking and real estate markets need. Computer assisted appraisals where no human lays eyes on the property to see that the 'charming and spacious 4 bedroom close to downtown' shifted off it's foundation 40 years ago. 🤣

This is such a lie, only an npr listener could believe it.

BS AGAIN! NPR is spreading lies again!

Realtor for 30+ years, NPR is a lying sack of sh*t, all in the name of promoting a racial divisive narrative. You can turn comment off on YT but can't censor here.

Here again with the 'Black and Brown' narrative. This has been happening to Black families. America has had a long history of specifically discriminating Black people in housing. Redlining, denying of mortgage loans, racial bias in appraisals were all aimed at Black homeowners.

This has already debunked.

Latinx. 😂😂😂😂

How’s the wokeness going for you?

What a joke

Npr and their critical race theory obsession. noonetruststhepress

Stop your racial division. The cost of living doesn't care about race. The working class is struggling paycheck to paycheck, with the cost of living exceeding the average wage.

I would like to look at that data🙄.

Latinx?

Typical NPR ……

Zero proof of any of this. I find it so sad NPR must feel compelled to talk about identity politics in every single “story” it writes. Stop the race baiting lies. The black culture is the problem, and everyone knows it, even if they won’t talk about it. It’s irresponsibility.

LatinX. 😐 🤦‍♂️

What do you call Chinese people?Chinx?

Because everything is racist now and forever…. And Latinx is not gonna take hold so let it go, or just wait long enough and that will be racist too.

Wow, someone who uses Latinx

There is no Black and Latinix why is the NPR so racist. It’s weird when you guys lump folks all together. I have not seen single article of Latinx homes been devalued because they are Latin.

You always race divide.

Latinx?

Latinx is racist

Latinx…NPR are you serious? Ya gotta be joking.

More racist nonsense and Victimology from the very biased NPR.

British imperialists change the Spanish language. Shocker.

Npr is a joke

Lol. Still trying to make luh-tinks catch on, I see. Never mind that latinos generally don’t want to be called that.

NPR 'National Propaganda Reporting?' 🤣😂😅

Stop trying to make “Latinx” happen. You’re in a cult.

I can't believe we pay for this crap. If NPR was not the American Pravda, they would cease to exist in the market of ideas.

Latinx is used by Gringx racists and Latinos whose Spanish sucks and are embarrassed by their inauthenticity.

Wait till Latinos take over that field too. You are warned. The circle of life.

Eff off when that “LatinX” bs. It’s insulting

What about Latinos? Latinx is less than 5% of Latinos, so what is happening to the Latinos in real estate?

Latinx? 🤡

FFS... enough.

Remember my fellow Latinos and Hispanics. Always bring your white buddy along to get a higher value

🤣🤣🤣People who 'identify' as Black or Latin'X' What's wrong with you Get it right!

Stop using the term Latinx. It's fundamentally insulting to native Spanish speakers.

Latin-WHAT?

Crazy how you guys pissed off a whole group of people by trying to change our language. Thanks!

Sounds like they're Whitepeople are inferior and insecure in the face of us

LatinO

Race obsessed. How about some real reporting on news ?

🐴💩!! The appraiser the valued the 'latinx' home my husband and I bought was appraised at 220k,5k over what we agreed to). We have found so many things wrong with this money pit. This place isn't worth as much as houses we looked at before.Stop blowing woke smoke up our asses

npr is racist, they insist on labeling us Latinx while we are not

RE Brokers work on commission. Why would they undervalue? Or would they do it to help make home more affordable? What data supports this NPR? Or is it more of your government paid propaganda?

No doubt about this. It is true.

Location is key.

“Correction: homes that identify as black and latinx”

“Latinx” and yesterday’s “identifies as Asian”. Why the constant virtue signaling? Just report the news in a straightforward way.

Stop with Latinx, sincerely every Latino and Latina in AmericA. Thank you.

Yawn. Another race baiting NPR article. Just as bad as HuffPost

If everything is racist, then nothing is racist. Time to movie on to a new grift.

This is such BS, just straight propaganda. Appraisers give an appraisel on what’s sold and similar homes based on sq ft etc. NPR should not be paid by tax payers anymore. You are just a tabloid rag.

2020 is calling. They want their Latinx back.

Hispanics don't like being called Latinx. It's racist and white supremacy according to your own metrics.

Crime filled neighborhoods should be valued as non-crime neighborhoods? I bet every NPR lives in a gated community and laughs their asses off when they write this garbage.

This is ridiculous 🤦🏻‍♀️

Ultra white NPR still trying to sell “latinx”

Latinx...

No mexican wants to move into an area where the use “latinx” which is a totally made up term to describe them. They know.

My god

Latinx You should know you just racially offended every hispanic in the US, right?

Horse crap.

Houses are now racist?

Your story was about a Black couple.. Stop force teaming Black American issues with everyone else. No such thing as 'Black and [...]'

Not Latinx... we're back HERE again? 🙄🙄🤣🤣🤣 Oy

While we’re at it let’s call them blax!

What about the Asian properties! Please include us!

What about Latin homes?

Keep dividing Americans against each other, .

Don't use the word Latinx. I'm half Mexican for the record.

Another race baiting propaganda piece?

Appraisal is mostly on paper nowadays a palace in a down neighborhood with low sales is going to appraise low but yes there is racial and economic bias but probably more on the lender side

Latino

Can you stop Latinx idiocy?

What the fuck is Latinx besides racist 😵‍💫

👨🏻‍💻 Latinx.... 🚶‍♂️🚶‍♂️🚶‍♂️

😂 This is hilarious

LatinX is not a word. It is a slur for Latinos.

No shit… you just now figured this out, NPR?

Have you guys ever run a story about how in some areas cis het white men get the short end of the stick? Are there zero examples of white ppl being “disproportionately impacted”? We don’t take you seriously if you only report on stories that push your foregone conclusions/agenda

Really? Does zillow give a crap what my race is? Another anti whitey story from NPR

Latinos, Latinos, Latinos, Latinos, and Latinos!

“Racism”?How’s that even possible when the majority of Latinx ™️ identify as white? &don’t get me started re the false equivalency btwn the respective histories, experiences, &contributions of ADOS & “Latinx”. No shade on the latter. Just looking 4truth & long overdue credit

Race only matters to racist.

NPRsplaimimg to Latinos again! DEFUNDNPR!

NPR stinx

NPR are racist clowns...

Lol ‘latinx’

What the heck is Latinx

FFS, please stop using Latinx. 🙄

we shouldn't use the term latin anything. it's disrespecting the indigenous and spanish speaking peoples of the americas. they have nothing to do with the roman empire - which incidentally turned greek when the western roman empire collapsed and the eastern part became byzantium

Probably because their neighborhoods are trashy and dangerous

If everything is purple and gold it’s going to cost a bunch of money to remodel 🤷🏼‍♀️

This seems like it's trying to fix racism with even more racism.

Especially if you identify as such.

What evidence do you have most appraisers are old white men? The ones I know are overwhelmingly women and many of color.

Latinx? Lol wtf

WOW, the NPR race-baiting never ends! I'll make a point to skip my donation durning NPR's fundraising drive this year.

Latino. Get it right please.

“Latinx”

A. You want your home to be undervalued, so you pay lower taxes. B. When you sell, the market pays no attention to what some rando appraiser thinks. They bid it up or down to the actual value. To what it is actually worth

Latin what?

Oh shut up, . Give it a rest.

The agenda based joke which is NPR continues…………

This is a lie. Keep race baiting Npr. It's the only way your worthless program gets any funding. You want to point out it doesn't matter the race but the area the sellers live in, how the property was taken care of, and the value of the homes around the seller that plays apart.

A prime example of the systematic racism that large swaths of the country pretends doesn't exist.

What a communist rag this nonsense is

Please provide proof of your racist allegations?

Homes are racist too?

The usual divide and conquer narrative always comes out in the MSM whenever distraction is needed (in this case the bank bailouts)

Latin is a perfectly fine gender neutral term

Zero people from Latin America actually replying to this. Only trolls

Home appraisal is pretty subjective but are we sure it's not just a matter of the areas these 'black and latinx homes' happen to be in?

Homes are not “black” or “latinx”. Sellers are.

Can homeowners of color sue the broker who undervalues their home? Since brokers make commission on the sale any undervalued home must grant them a kickback in the sly because it’s no incentives otherwise!

🤦

Laughing at the replies...everyone concerned about language for Latino...don't give a f' about the bashing white men. Perhaps a lower interest rate was helpful for affording taxes etc.

What the heck is a Latinx?

This is BS.

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