**How Does Appraisal Bias Affect the Real Estate Market?** The real estate market plays a critical role in wealth creation, economic mobility, and community development. However, it is not immune to systemic inequities that can have far-reaching effects on individuals and society as a whole. Among these inequities, appraisal bias—when a property’s value is influenced […]
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**Understanding Appraisal Bias in Real Estate: A Critical Issue in Property Valuation** Appraisals play a crucial role in real estate transactions, serving as a basis for determining a property’s market value. However, appraisal bias—an often overlooked yet significant issue—can skew these valuations, creating ripple effects that impact buyers, sellers, and the broader housing market. Appraisal
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