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Federal data shows that racial bias remains a potential roadblock for homebuyers and homeowners in Philadelphia’s predominantly Black neighborhoods, according to new research from the Reinvestment Fund.
The report, released Thursday, focuses on home appraisals. It found that independent valuations completed in those communities were more likely to be lower than the property’s market value, making it harder for buyers to secure mortgage loans, as well as for homeowners to pull equity out of their properties…