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.
Menendez highlights disparities in home appraisals affecting minority communities.
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