Why Fannie Mae Doesn’t Want Home Appraisers Calling Neighborhoods ‘Desirable’

Bloomberg, July 23, 2021–Brentin Mock
Fannie Mae is urging appraisers to stop using loaded language such as “crime-ridden area” and “integrated community” when valuing homes. Even saying something as seemingly benign as “desirable neighborhood” in a home appraisal report can be problematic, in part because “desirable” has been coded as “white” throughout much of housing market history.