What is redlining in real estate?
In the United States, redlining is the systematic denial of various services to residents of specific, often racially associated, neighborhoods or communities, either explicitly or through the selective raising of prices.
What does Green lining mean?
Greenlining Definition: The business practice of investing energy, products and services in low-income, minority and disabled communities to increase profits and expand the economic pie. …
What role do realtors play in residential segregation?
real estate agents tend to concentrate in places with high housing prices and high levels of segregation.” … They also grouped home values in New York into five groups and conducted analyses to determine the number of real estate agents per neighborhood in low, moderate, and high-home-value neighborhoods.
What does blockbusting mean in real estate?
Blockbusting refers to the practice of introducing African American homeowners into previously all white neighborhoods in order to spark rapid white flight and housing price decline. Real estate speculators have historically used this technique to profit from prejudice-driven market instability.
What does Steering mean in real estate?
“Steering” is the practice of influencing a buyer’s choice of communities based upon one of the protected characteristics under the Fair Housing Act, which are race, color, religion, gender, disability, familial status, or national origin.
What are the origins of the term redlining?
The term “redlining” was coined by sociologist John McKnight in the 1960s and derives from how the federal government and lenders would literally draw a red line on a map around the neighborhoods they would not invest in based on demographics alone.
Does race matter in the search for housing?
There are just a few studies that have analyzed racial differences in the resources and strategies people use when trying to find a home. … In each case except for real estate agents, African Americans were more likely than whites to use the strategy.