RESEARCH REPORT
Investigation into the repercussions of racial discrimination in the housing market has prompted stakeholders to question whether any prejudice may be grounded in historical redlining practices.
If so, are all property valuations biased due to historical redlining. Do AVMs provide a distinct benefit when it comes to valuations?
To help answer these questions. Veros’ economists investigated the potential impact of historical redlining by examining VeroVALUE AVM predictions for single-family properties in historically redlined versus non-redlined neighborhoods. Read the report today!
Resources:
- University of Richmond, “Redlining Richmond – Digital Scholarship Lab“
- University of Richmond Interactive, “Mapping Inequality, Redlining in New Deal America“
- Veros Research Report: “AVM Performance – Is there Evidence of Racial Bias?“
