{"id":2563,"date":"2008-02-03T12:06:09","date_gmt":"2008-02-03T19:06:09","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2563"},"modified":"2008-02-03T19:39:48","modified_gmt":"2008-02-04T02:39:48","slug":"fair-assessment-of-risk-or-redlining","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2563\/fair-assessment-of-risk-or-redlining\/","title":{"rendered":"Fair assessment of risk or Redlining?"},"content":{"rendered":"

Last week on my blog I noted what would happen if my local real estate market were to become a “declining market<\/a>.”<\/p>\n

This week brings a perspective from the Washington Post<\/a> and the Consumerist<\/a> that “declining markets” equate “redlining.”<\/p>\n

Redlining<\/a><\/strong>:<\/p>\n

Redlining refers to the illegal practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, national origin, etc., of the residents of the neighborhood in which the property is located.  Redlining violates both the FH Act and the ECOA.<\/p><\/blockquote>\n

Does the determination that a particular neighborhood or area has declining values really<\/em> equate racial redlining, or are the lenders using good judgement (something they seemed to have been lacking over the past few years)?<\/p>\n

Race is a tricky and always delicate topic, but I just don’t see the parallel between declining values and race.<\/p>\n

One of the folks at FortiusOne<\/a> sent me a link to this map showing the counties listed by Countrywide as declining<\/a>.<\/p>\n

\"Declining-Markets-From-Geocommons\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week I asked what would happen if my local real estate market were to become a “declining market.”This week brings a perspective from the Washington Post and the Consumerist that “declining markets” equate “redlining.”Redlining:Redlining refers to the illegal practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, national origin, etc., of the residents of the neighborhood in which the property is located.  Redlining violates both the FH Act and the ECOA.Does the determination that a particular real estate market has declining values really equate racial redlining, or are the lenders using good judgement (something they seemed to have been lacking over the past few years)?Race is a tricky and always delicate topic, but I just don’t see the parallel between declining values and race.<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-2563","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17096,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17096\/a-fun-fact-about-ibuyers-every-buy-box-is-redlining\/","url_meta":{"origin":2563,"position":0},"title":"A fun fact about #iBuyers? Every buy-box is redlining.","author":"Greg Swann","date":"September 22, 2020","format":false,"excerpt":"The image is a map of Zillow's sold iBuyer homes in the densest parts of Metropolitan Phoenix. See that Madonana-like shape running West from the I-17 Freeway. Looks like a pregnant single-mom, doesn't it? The poster-child of fair-housing law, right there on the map. Looks like redlining, doesn't it? I've\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/Screen-Shot-2020-09-22-at-9.57.47-AM.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18109,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18109\/overnight-news-redlining-redfin-redlines-the-most-redlined-city-in-america\/","url_meta":{"origin":2563,"position":1},"title":"Overnight News: Redlining Redfin redlines the most-redlined city in\u00a0America.","author":"Greg Swann","date":"May 4, 2021","format":false,"excerpt":"Redfin is coming to Boston \u2013 if you consider the remote outer-suburbs Boston. From the link: Redfin is making offers on single-family homes and townhomes built after 1900 in parts of Middlesex, Norfolk and Plymouth counties. The company expects to expand to additional neighborhoods and property types in the region\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17949,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17949\/overnight-news-what-are-primarily-black-neighborhoods-and-how-do-they-overlap-with-redfins-redlining\/","url_meta":{"origin":2563,"position":2},"title":"Overnight News: What are \u201cprimarily black\u201d neighborhoods? And how do they overlap with Redfin\u2019s\u00a0redlining?","author":"Greg Swann","date":"March 9, 2021","format":false,"excerpt":"I've been meaning to mock Glenn Kelman and Redfin for its commissions hypocrisy, so forgive me my diversions: Redfin, a national real estate brokerage currently under investigation for undeniable anti-black disparate-impact redlining, is today making claims about primarily black and primarily white neighborhoods \u2013 the latter type being where you\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17584,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17584\/overnight-news-hey-redfin-is-it-really-catch-a-falling-knife-if-youre-redlining-drastically-to-stave-off-exsanguination\/","url_meta":{"origin":2563,"position":3},"title":"Overnight News: Hey, Redfin: Is it really \u201cCatch a Falling Knife\u201d if you\u2019re redlining drastically to stave off exsanguination?","author":"Greg Swann","date":"December 9, 2020","format":false,"excerpt":"Want me to tell you the secret to being right most of the time? Bet the odds. What will happen is what has happened. Not always, but most of the time. Hard lesson to learn \u2013 particularly when you have billions to burn and a burning need to buck the\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17417,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17417\/overnight-news-hey-redfin-what-happens-when-you-tell-everyone-youre-racist-and-they-believe-you\/","url_meta":{"origin":2563,"position":4},"title":"Overnight News: Hey, Redfin: What happens when you tell everyone you\u2019re racist \u2013 and they believe\u00a0you?","author":"Greg Swann","date":"October 31, 2020","format":false,"excerpt":"Here's the deal: If disparate impact is automatically racism, Asian and Jewish people should be suing pro-athletics. That's what Glenn Kelman needs to say to swat the race pirates away. Financial hurdles seek to qualify Ants and disqualify Grasshoppers. This has nothing to do with race, but every financial hurdle\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18563,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18563\/overnight-news-hey-redfin-how-do-recent-movers-feel-about-riots\/","url_meta":{"origin":2563,"position":5},"title":"Overnight News: Hey, Redfin: How do recent movers feel about\u00a0riots?","author":"Greg Swann","date":"October 18, 2021","format":false,"excerpt":"America is aghast at its own collapse, and this seems to have resulted in a dearth of fluffy real estate lies. But Redfin always comes through, today with a survey of recent movers' attitudes about hot-button political issues. That alone seems stupid to me: \"We're from Redfin, and we market\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2563"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2563\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}