Ep 8 What Is The Cost of Racial Bias In Housing?

Selling Sacramento: Market Clarity with Agent Kee · Nov 29, 2019 · 56m

⚜ 11/27/2019 ⚜

THIS WEEK

"The Devaluation of Assets in Black Neighborhoods" A Brooking Institution study

Special guest, Grammy award-winning recording artist and now president of the California Black Chamber of Commerce Jay King and I take your calls live to discuss the study and how it seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses. Mr. King also shares his community…