Home values in majority-Black ZIP codes rose by 84% from 2016-2023, surpassing white areas at 69%, potentially bridging the wealth divide.
Efforts to combat appraisal bias and a red-hot housing market during the pandemic are driving the increase in Black homeowners' property values.
Recent data show homes in Black areas often undervalued, but the trend is shifting positively as values in these neighborhoods rise significantly since 2016.
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