Tag: Appraisal Bias
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New Jersey Enacts a Raft of Reforms Impacting Deed Holders
To take action on the racial wealth gap, New Jersey’s lieutenant governor Tahesha Way signed an update to the Real Estate Appraisal Act, explicitly meant to stop race-based bias from influencing appraisals. As our readers know, appraisals often occur when a home seller transfers a deed to a home buyer. A 2022 study from the…
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Fair Appraisals Matter—To the White House, and to Us
Have you heard about PAVE? Most people haven’t. It stands for Property Appraisal and Valuation Equity. When it comes to homeownership, fair appraisals are not just a matter of numbers—they’re a cornerstone of equity and financial prosperity. Enter PAVE. This initiative, championed by the White House, is more than just an acronym; it’s a pivotal…
