Raphael Warnock Introduces Legislation To Fight Bias In Home Appraisals

Raphael Warnock Introduces Legislation To Fight Bias In Home Appraisals

Evidence in home price evaluations demonstrates racial bias in the appraisal process, leading to Black homes often being undervalued. Now, a group of Democratic senators led by Georgia’s Raphael Warnock has introduced new legislation to fight racial disparities in home valuations, which could lead to increased wealth among Black households. Appraisal Modernization Act seeks to make home valuations fairer Warnock recently introduced the Appraisal…