Michael Neal talks Black homeownership gap and AVMs
Why are homes owned by white people valued more than homes owned by Black people?
For this week’s Houses in Motion, a podcast miniseries part of HousingWire Daily, HousingWire’s real estate reporter Matthew Blake spoke with Michael Neal. Neal is a researcher at the Urban Institute, who has extensively studied not just the racial homeownership gap but the racial valuation gap.
Neal also discussed the nuts and bolts of valuation models themselves. Our conversation, for example, touched on the valuation model that Zillow attempted to use for the iBuying program it is winding down.
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