The National Fair Housing Alliance released a report this week detailing racial gaps in the valuation of homes nationwide, particularly those of Black and Latino homeowners. Census data shows a lack of racial diversity in the appraiser industry at the local, state and national level.
"What our study shows is that these issues are not one-offs, that there are some really deep structural issues and barriers that no one individual, no one homeowner could overcome," Rice said.
In the Los Angeles metro area, which encompasses Los Angeles County and Orange County, survey data from the U.S. Census Bureau estimates that about two-thirds of appraisers are white, despite the white population making up only about a third of the total population. "We need diversity and access across the board, because the reality is, being Black, I can't fix the problem by myself. It's going to take all of us," Alston said.
The organization is recommending ways to remove some of those barriers like streamlining the credentialing process, reviewing degree requirements, expanding outreach and monitoring the demographics of those entering the profession.
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