Homeowners gained far less equity in formerly redlined areas: study

Homeowners in historically redlined neighborhoods gained less than half as much home equity over the past 40 years as elsewhere, a study by home listing service Redfin has found. The analysis demonstrated the lasting impact of an economic practice that, while formally outlawed, has persisted in many forms, Inman reported. In neighborhoods where redlining was practiced, lenders would draw a “red line” around neighborhoods that, based on demographics, were deemed too risky for federal mortgage

source https://therealdeal.com/2020/06/12/homeowners-gained-far-less-equity-in-formerly-redlined-areas-study/