Census Data Used as Evidence for Bias
I’ve previously written about how the various spear throwers at appraisers have used ‘census tract data’ in their assertions that appraisers are racially biased. It’s been done by Freddie Mac, by Andre Perry in his testimony before Congress, by Ph.D Elizabeth Korver-Glenn in her dissertation paper, not reviewed by anyone with appraisal experience, to obtain that lofty status, the media, and other so called ‘studies’ and ‘reports’ since. That is information foreign to appraisers, because we don’t use or reference anything about Census Tracts in our reports.
The only place that shows up is in one field on the GSE pre-printed report form, which is used by LENDERS and the GOVERNMENT . That particular tract number is auto-populated by the report software we use. Census Tract demographic data or specifically mapped census tract locations has NOTHING to do with comp selection.
Problem is, the spear throwers have latched onto that singular item and are using it like a poison substance on the spear point to eviscerate and poke appraisers. It’s the only so-called ‘evidence’ they can claim because they cannot easily re-create neighborhood boundaries determined by the actual appraiser in order to qualify the comps used.
Appraisers are forbidden from using any racial demographic info from any source in reports. We can’t even quote Census data, which is factual information. Yet, the spear throwers are trying to convince the public that we need to, or should base appraisals on racial demographics. They are also trying to convince people that the Sales Comparison Approach is unworthy of use; but that’s a discussion for another day.
Well guess what? In the Motion to Dismiss the remaining Baltimore lawsuit, the appraiser’s very smart attorney writes this (I added bold type and underline):
This is the kind of information that needs to be circulated by appraiser organizations and individual appraisers to the media, to members of Congress, to the various Government Agency Directors, State regulatory officials, and to anyone else involved with using or relying on appraisals.
The spear throwing using this poisoned bogus information needs to be stopped.