Discrimination can manifest in housing markets from "summary" of The Economics of Poverty and Discrimination by Bradley R. Schiller
Discrimination can take many forms in housing markets. One way it can manifest is through the practice of redlining, where certain areas are marked off on a map and deemed undesirable for investment or lending. This practice has historical roots in the United States, where minority neighborhoods were often redlined by banks and other financial institutions, leading to disinvestment and a lack of access to credit for residents. Another way discrimination can show up in housing markets is through steering, where real estate agents direct buyers or renters to certain neighborhoods based on their race or ethnicity. This can perpetuate segregation and limit housing choices for minority groups. In addition, discriminatory practices can also be seen in the form of differential treatment in mortgage lending. Studies have shown that minority borrowers are more likely to be offered higher interest rates or denied loans altogether, even when controlling for factors such as credit history and income. Furthermore, discrimination can occur in rental markets as well. Landlords may refuse to rent to certain groups based on characteristics such as race, religion, or familial status. This can lead to housing instability and limited options for minority renters. In addition, discrimination can also show up in the form of unequal access to housing assistance programs. Minority households are often less likely to receive government assistance for housing, leading to higher rates of housing insecurity and homelessness among these groups.- Discrimination in housing markets can have far-reaching effects on individuals and communities. It can perpetuate segregation, limit housing choices, and contribute to disparities in wealth and opportunity. Addressing these issues requires a multifaceted approach that includes enforcement of fair housing laws, increasing access to affordable housing, and promoting inclusive communities. Only by tackling discrimination in housing markets can we work towards a more equitable and just society.
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