Racism still a hurdle in business deals in USA
According to a news report published in NY Times, an 84 years old Ms Jane Walker, owner of a house, pulled out of deal to sell her house because buyer was a black women.
The deal done at $749,000, down payment paid, the
seller pulled out of the deal.
When Dr. Baxter, buyer said, “Why” broker said, ‘I don’t know how to tell you this, but she doesn’t want to sell the home to you, and it’s because you’re Black.
New York times reported.
More than 50 years after redlining was outlawed, racial discrimination remains an issue, housing advocates say. A multiyear undercover investigation by the National Fair Housing Alliance, a Washington-based nonprofit coalition of housing organizations, found that 87 percent of real estate agents participated in racial steering, opting to show their clients homes only in neighborhoods where most of the neighbors were of their same race. Agents also refused to work with Black buyers and showed Black and Latino buyers fewer homes than white buyers.