Markets
Realtors Apologize for Role in Housing Racial Discrimination
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First apology from group that helped promote segregation
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Black homeownership rate is 46% compared with 76% for Whites
The real estate industry contributed to racial inequality and segregation in housing, an “outrage” that merits a historic apology, the incoming president of the National Association of Realtors said.
“What Realtors did was an outrage to our morals and our ideals,” Charlie Oppler said Thursday during a virtual fair-housing summit hosted by the group. “It was a betrayal of our commitment to fairness and equality.”