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Ayanna Pressley: “Homes owned by black families are valued about 18% less...or…”

Featuring: Ayanna Pressley, Democratic | U.S. House Massachusetts, 7th Congressional District

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Rep. Pressley Highlights Racial Bias in Home Appraisals, Urges Reforms for Equity, Accountability

Published | Video Starts at 02:25

And that same appraisal system is around today. Just look at the data. Last year, a report estimated that Boston's black homeowners lose up to $2.3 billion in wealth because Homes owned by black families are valued about 18% less...or roughly $125,000 [less than comparable white-owned homes]. less. They can literally be right next door to each other than comparable white owned homes, or roughly $125,000. But this isn't just in my district. It's happening all across the country. (02:25–02:39)

CLAIM

Asserts that homes owned by black families are undervalued compared to similar white-owned homes.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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