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February 15, 2023 Professors' Corner

Professors' Corner - Fairness in Real Estate Appraisals: Valuation, Subjectivity, and Bias

Professors' Corner is a monthly webinar which features a panel of law professors, discussing recent cases or issues of interest to real estate or trust and estate practitioners and scholars. The Professor's Corner Webinar is sponsored by the Joint Legal Education and Uniform Laws Group of the ABA Section of Real Property, Trust and Estate Law

Joint Legal Education and Uniform Laws Group
Professors' Corner is a monthly webinar featuring a panel of law professors.

Professors' Corner is a monthly webinar featuring a panel of law professors.

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Description

Professors' Corner - Fairness in Real Estate Appraisals: Valuation, Subjectivity, and Bias

Recorded on February 15, 2023

Panelists

  • Cheryl Lyn Wade
  • Heather Renee Abraham
  •  Elizabeth Korver-Glenn

Moderator:

  •  Shelby D Green

For many citizens, official and private discriminatory practices served as barriers to access, largely on the basis of race and ethnicity beginning with the home appraisal. The impact of this undervaluation, ripple through the housing markets. The panelists will offer insights on the ability of the Fair Housing Act and other legislative and regulatory initiatives to make appraisals bias-free.

Homeownership lies at the core of the American Dream, representing success, opportunity, and wealth. But for many citizens, America deferred that dream by official and private discriminatory practices that served as barriers to access, largely on the basis of race and ethnicity. The exclusion begins with the home appraisal—recent studies show that homes in majority-Black neighborhoods are appraised at less than half of those in neighborhoods with few or no Black residents. The impact of this undervaluation—from lost sales, higher down payments, higher refinance interest rates and higher mortgage insurance premiums—ripple through the housing markets.

The panelists will discuss “What happens to a dream deferred?” and offer insights on the ability of the Fair Housing Act and other legislative and regulatory initiatives to make appraisals bias-free.

Member Benefits

The content of this program does not meet requirements for continuing legal education (CLE) accreditation. You will not receive CLE credit for for this program or any Professors’ Corner programs.

This content is for Real Property, Trust and Estate Law Section members only. Please login now to view recording.

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This webinar will expire on February 2024.
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