"An appraisal falling below the contracted sale price may allow a buyer to renegotiate with a seller, but it could also mean families might miss out on the full wealth-building benefits of homeownership or may be unable to get the financing needed to achieve the American dream in the first place," said Michael Bradley, a senior vice president at Freddie Mac, a government-controlled entity that guarantees home mortgages. ![]() It's the latest example of racial inequities in the housing sector, a well-documented phenomenon that has led to lower rates of homeownership among Black and Latino families. ![]() Home appraisers are more likely to undervalue homes in Black and Latino areas than those in white ones, a new report by Freddie Mac has found.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |