Bob Menendez: “Minority homes, we know, are not properly appraised in value, thanks to numerous studies, including one from Freddie Mac…”

“Minority homes, we know, are not properly appraised in value, thanks to numerous studies, including one from Freddie Mac showing that about 15.5 percent of single-family properties in majority Latino, and 12.5 percent in majority Black census tracts are appraised lower--lower--than their contracted price, compared to 7.4 percent in white neighborhoods.”