![A legacy of redlining and systemic racism in the housing market, the home appraisal gap can create barriers for Black and Latino homeowners when it comes to selling their properties for a profit or obtaining financing for a purchase. (Rawpixelimages/Dreamstime/TNS)
A legacy of redlining and systemic racism in the housing market, the home appraisal gap can create barriers for Black and Latino homeowners when it comes to selling their properties for a profit or obtaining financing for a purchase. (Rawpixelimages/Dreamstime/TNS)](https://www.twincities.com/wp-content/uploads/2024/07/BIZ-REAL-BANKRATE-APPRAISAL-DMT.jpg?w=486)
The appraisal gap matters because it creates a barrier for Black and Latino homeowners hoping to sell their property for a profit, and for buyers seeking financing for a purchase.
The appraisal gap matters because it creates a barrier for Black and Latino homeowners hoping to sell their property for a profit, and for buyers seeking financing for a purchase.