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Junia Howell, University of Pittsburgh and Elizabeth Korver-Glenn, University of New Mexico
(THE CONVERSATION) The Research Brief is a short take about interesting academic work.
The big idea
Racial inequality in home values is larger today than it was 40 years ago, with homes in white neighborhoods appreciating $200,000 more since 1980 than comparable homes in similar communities of color.
Our new research on home appraisals shows neighborhood racial composition still drives unequal home values, despite laws that forbid real estate professionals from explicitly using race when evaluating a property’s worth. Published in the journal Social Problems, our study finds this growing inequality results from both historical policies and contemporary practices.
In the 1930s, the federal government institutionalized a process for evaluating how much a property was worth. Often called redlining, this process used