Competitive bids on houses is at relatively new phenomenon caused by our current housing crunch. Typically, the assessment is the price of sale. The idea being that you should do whatever work on your home that needs to be done to increase the value before appraisal.
In that (more realistic) market, persistent undervaluing based on anything other than the actual house for sale is taking money out of the home owners pocket from the sale. If this happens because of race, then this is obviously an issue.
In that (more realistic) market, persistent undervaluing based on anything other than the actual house for sale is taking money out of the home owners pocket from the sale. If this happens because of race, then this is obviously an issue.
Well it's an issue for the seller but a boon for the buyer who also would be likely to be from the same race.
In that (more realistic) market, persistent undervaluing based on anything other than the actual house for sale is taking money out of the home owners pocket from the sale. If this happens because of race, then this is obviously an issue.