Update from Shane Lanham

[Dublin ohio]

"Multiple studies establish that homes in Black and brown neighborhoods across the U.S., all else equal, are valued less than comparable homes in white neighborhoods."

I'M INTERESTED TO SEE THESE MULTIPLE STUDIES ESPECIALLY IN IMPLICATION OF "ALL ELSE EQUAL".

all else equal. Except location.

 

[Fernando]

all else equal. Except location.

Location, location, location.
What is "all else equal"?

 

[Dublin ohio]

What is "all else equal"?

Whatever's left

 

[Fernando]

Whatever's left

Appraisal Institute and other appraisal groups should question these multiple studies and check for its methodology and accuracies.
Bert should use his MARs for something good.

 

[Dublin ohio]

Bert should use his MARs for something good.

An old white man using what for all intents and purposes is a black box method is sure to convince them, not.

 

[Fernando]

An old white man using what for all intents and purposes is a black box method is sure to convince them, not.

Especially a biased old arrogant superiority complex white man.

 

[djd09]

Rep. Ayanna Pressley unveils new bill aimed to combat bias in home valuations​

By Brandon Caldwell
Nov 21, 2025

"It is a damning injustice that Black and brown folks have to whitewash their homes to get a fair shake during the appraisals process," Pressley exclusively told theGrio about her motivations to file the bill.

On Friday (Nov. 21), one day before National Housing Day, Pressley introduced the Appraisal Modernization Act, aiming to ensure equity and eliminate biases against Black and brown individuals in home valuations.

Raphael Warnock (D-GA) is leading the companion legislature in the Senate.

“It is a damning injustice that Black and brown folks have to whitewash their homes to get a fair shake during the appraisals process,” Pressley exclusively told theGrio about her motivations to file the bill. “Our families are being shortchanged in a housing market that is built to disregard our worth, our lives, and our livelihoods. Our bill would confront this head-on.”

She added, “Home valuation has a direct impact on one’s ability to build generational wealth, and discrimination in home appraisals have exacerbated America’s glaring racial wealth gap for far too long. To address these disparities and advance economic justice—including for families of color—I’m proud to introduce the Appraisal Modernization Act. Our bill would combat systemic bias in home valuations and help ensure our home appraisal processes are accurate and equitable for all.”

 

[Fernando]

This is excerpt from Appraisal Modernization Act:

UNACCEPTABLE APPRAISAL PRACTICE.—The term ‘unacceptable appraisal practice’ means an appraisal report that— ‘‘(i) uses unsupported or subjective terms to assess or rate the property without providing a foundation for analysis and contextual information; ‘‘(ii) uses inaccurate or incomplete data about the subject property, the neighborhood, the market area, or any comparable property;
‘‘(iii) includes references, statements or comparisons about crime rates or crime statistics, whether objective or subjective; ‘‘(iv) relies in the appraisal analysis on comparable properties that were not personally inspected by the appraiser when required by the appraisal’s scope of work; ‘‘(v) relies in the appraisal analysis on inappropriate comparable properties; ‘‘(vi) fails to use comparable properties that are more similar, or nearer, to the subject property without adequate explanation; ‘‘(vii) uses comparable property data provided by any interested party to the transaction without verification by a disinterested party;‘‘(viii) uses inappropriate adjustments for differences between the subject property and the comparable properties that do not reflect the market’s reaction to such differences; or ‘‘(ix) fails to make proper adjustments, including time adjustments for differences between the subject property and the comparable properties when necessary. ‘‘(B) UNSUPPORTED.—The term ‘unsupported’ means, with respect to an appraisal report or an appraiser’s opinion of value, that the appraisal report or the opinion of value is not supported by relevant evidence and logic.’’.

DISCRIMINATION.—If the creditor has reason to believe that an appraisal report reflects discrimination, the creditor shall— ‘‘(i) order a subsequent appraisal, at the creditor’s own expense; ‘‘(ii) forward the appraisal report and the creditor’s summary of findings to the appropriate local, State, or Federal enforcement agency; and ‘‘(iii) upon a final determination of discrimination by the appropriate local, State, or Federal enforcement agency, receive a reimbursement from the appraiser covering the cost of the subsequent appraisal ordered by the creditor.

 

[Fernando]

From CoPilot:

• Existing Law Enforcement:
  
  • Violations of appraisal fairness requirements would be treated as violations of the Truth in Lending Act (TILA).
  • Under TILA, lenders and appraisal management companies can face civil liability, including damages and statutory penalties, if they fail to provide consistent, fair appraisal services.
• Consumer Remedies:
  
  • Homeowners gain the right to request a Reconsideration of Value (ROV) or a second appraisal if bias or error is suspected.
  • If lenders or appraisers ignore these rights, they can be subject to regulatory action by agencies such as the CFPB (Consumer Financial Protection Bureau) or FHFA (Federal Housing Finance Agency).

 

[Surf Cat]

Rep. Ayanna Pressley unveils new bill aimed to combat bias in home valuations

Well I hope it's full waivers Ms. Pressley. No need for whitewashing, taking care of deffered maintenance, worrying about safety release latches for the bars on the windows. We'll just let the lender bear the full responsibility of what the value of your home is.