(CBM) – Assemblymember Chris Holden has (D-Pasadena) introduced legislation, Assembly Bill (AB) 948, to address discrimination in the real estate appraisal process in California. AB 948 proposes requiring the Bureau of California Real Estate Appraisals to gather demographic data on home sales and sellers of real estate property – and, most importantly, from homeowners from protected classes who file complaints about low appraisals. “Black homeowners in predominantly White neighborhoods are getting their homes appraised for far less than their neighbors,” said Holden. “It’s just another example of how bias, whether explicit or implicit, creates inequity for Black Americans. This is redlining 2.0.” According to Nationwide, the insurance and financial services company, during the process of buying or selling a house, a home appraisal is supposed to be “an independent, unbiased assessment” of how much a property is worth.