Final answer:
Discrimination in real estate includes showing fewer homes to Black and Asian homebuyers by realtors, stiffer credit checks against Hispanic renters, and mortgage discrimination by banks that affects minority groups disproportionately.
Step-by-step explanation:
Discrimination in real estate can manifest in various ways, often relegating minority groups to the margins of property markets and hindering their efforts towards homeownership or fair renting opportunities. Here are three examples of discrimination in the real estate sector:
- Homebuying Discrimination: Studies by the HUD show that Black homebuyers are presented with 18% fewer homes than White homebuyers, and Asian homebuyers are shown 19% fewer properties.
- Rental Discrimination: When it comes to renting, Hispanic renters often face more discriminatory practices such as stiffer credit checks and receive details about fewer rental units compared to White renters.
- Mortgage Discrimination: Instances where banks and lenders deny loans or charge exorbitant rates to minority homebuyers, effectively excluding them from certain neighborhoods, is another form of housing discrimination.
These discriminatory practices highlight the challenges faced by racial and ethnic minorities in accessing fair housing opportunities, whether it be through purchasing or renting properties.