Great article by Tobias Peter of AEI yesterday "Why Home-Appraiser Bias Claims are Falling Apart." It proves that the alleged racial bias by real estate appraisers is false. The false narrative was promoted by the media, Biden Administration and other people with an agenda. Research has proven there is no racial bias in real estate appraisal reports.
"In 2022, numerous mainstream media outlets seized on the experience of married Johns Hopkins professors Nathan Connolly and Shani Mott as clear evidence of systemic racism in the home-appraisal industry. The episode gained national traction after the New York Times published a story in August headlined: “Home Appraised With a Black Owner: $472,000. With a White Owner: $750,000.” ABC and NPR soon amplified the narrative that racial bias in appraisals is real and widespread, locking black Americans out of building home equity and long-term wealth.
What began with great media fanfare, however, ended in silence. When a lawsuit—for which I served as an expert witness for the defense—finally reached judgment last month, a federal court dismissed the discrimination claims. The same outlets that had trumpeted the allegations early on or framed the plaintiffs’ 2024 settlement with the lender as implicit validation of their claims, never returned to cover the case’s conclusion. Their silence leaves the public with a distorted impression of widespread appraiser bias."
So glad Tobias Peter was an expert witness for the defense. These false bias claims have destroyed lives, careers and the appraisal industry reputation.
https://www.city-journal.org/article/home-appraisal-racial-bias-claims
Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.
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