One of the hundreds of bills Gov. Wes Moore has signed into law this month attempts to reduce discrimination in real estate appraisals by making a relatively small change: eliminating the bachelor’s degree requirement from certain types of appraiser licenses.
A report released earlier this year by the Abell Foundation found evidence of “systematic” discrimination that leads to under-valued homes in predominantly Black neighborhoods in the Baltimore region.
The analysis compared home sale contract prices with appraisal values.
Read more (and listen) at WYPR.
