Couple says they faced discrimination in home appraisal because of wife’s race

This report is part of “Turning Point,” a groundbreaking series by ABC News examining the racial reckoning sweeping the United States and exploring whether it can lead to lasting reconciliation.



a person standing in front of a building: Abena and Alex Horton requested an appraisal of their Jacksonville, Florida, home.


© ABC News
Abena and Alex Horton requested an appraisal of their Jacksonville, Florida, home.

Abena Horton and her husband, Alex Horton, recently did what many homeowners do every day: They requested an appraisal to refinance their Jacksonville, Florida, home.

On the day of the appointment, Abena Horton was there to greet the appraiser who would go over their family’s four-bedroom, four-bathroom ranch style home.

But when the Hortons got the appraisal back, they thought the price was shockingly low.

“It clicked in my mind almost immediately that I understand what the issue was here,” Abena Horton said.

Watch the full story on “Nightline” tonight at 12 a.m. ET on ABC

Abena Horton, an attorney, is Black. Her husband,

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US Real Estate Appraisal Market Global Competition and Business Outlook 2020 to 2022

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (Market Insight Reports) —
The Market Insights Reports has published the obtainability of a new statistical data to its repository titled as, Real Estate Appraisal Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.

You can click on the link to get a copy of the sample report:

https://www.marketinsightsreports.com/reports/0926871235/the-us-real-estate-appraisal-market-2018-2022-edition/inquiry?Mode=28

Top Key Players in the US Real Estate Appraisal Market: CoreLogic, Inc., Real Matters, Inc., Wells Fargo & Company, JP Morgan Chase & Co. and Other.

Real Estate Appraisal Market Scope:

The report titled The US Real

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Appraisal data shows scale of value destruction in US real estate

Commercial properties hit by the economic effects of coronavirus could have lost as much as one-quarter of their value or more, laying bare the scale of the damage being wrought across American malls, hotels and other commercial buildings.

Evidence emerging in the commercial mortgage-backed securities (CMBS) market from recent appraisals also raises questions over the value of the collateral backing commercial mortgages throughout the financial system.

Properties that have gotten into trouble are being written down by 27 per cent on average, data from Wells Fargo shows. New appraisals are triggered when a commercial property owner starts to have trouble paying the mortgage, and the loan is handed to a “special servicer” that could eventually seize the property on behalf of CMBS holders.

“It’s a big number,” said Lea Overby, an analyst at Wells Fargo. “This is material.”

Recent examples show hotels being especially hard hit, given the collapse

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