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| Sponsored by Quicken Loans |
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| Analysis: Appreciation Lags From Redlining |
| By Suzanne De Vita |
Homes in neighborhoods that were redlined in the past have not caught up to their counterparts in value, according to an analysis recently released by Zillow. The average "hazardous" home—as deemed by the now-defunct Home Owners' Loan Corp. (HOLC), a GSE of sorts—are at 85 percent of the median value. The median of a neighborhood that was redlined is now $276,199, while the median of a nearby neighborhood that was not redlined is now $324,489. In the case of housing, redlining refers to the denial of mortgages to specific segments. The HOLC, which was established in 1933 with the New Deal, determined "hazardous" as the worst, and assigned the label ...
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