Brookings: The devaluation of assets in black neighborhoods: The case of residential property

Through the prism of the real estate market and homeownership in black neighborhoods, this Brookings Institution report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

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