Real estate market impacted by supply chain issues and labor shortages
National Association of Home Builders CEO Jerry Howard weighs in on the supply chain and labor shortages in the real estate market and how it impacts consumers.
Real estate websites will not include crime data on property listings, claiming that they include "racial bias."
Redfin and Realtor.com both made the announcement on Dec. 13 that they would steer away from including data on crime in the neighborhoods of property listings on their websites.
A blog post by Christian Taubman, the chief growth officer for Redfin, said that a data source that the company considered using for crime data was the National Crime Victimization Survey from the Bureau of Justice Statistics, but said that such surveys risked including "racial bias."
"To get around the gaps with reported crimes, the main other data source we considered was the National Crime Victimization Survey from the Bureau of Justice Statistics. By virtue of being a survey, this has the advantage of being able to capture both officially reported and unreported crimes. However, also by virtue of being a survey, if there’s racial bias in respondents’ answers this will get reflected directly in the data," the announcement said.
LATE BLACKSTONE CO-FOUNDER'S FORMER HAMPTONS RETREAT UNDER CONTRACT FOR $18M