Blockbusting was a business practice in the United States in which real estate agents and building developers convinced residents in a particular area to sell their property at below-market prices. This was achieved by fearmongering the homeowners, telling them that racial minorities would soon be moving into their neighborhoods.

2022年12月6日 · Blockbusting in real estate is the illegal practice of convincing homeowners that their neighborhood is undergoing a significant change in demographics—typically portrayed as negative—so that they will sell or rent their homes at lower-than-market-value prices.

2019年10月28日 · Blockbusting is the practice of real estate brokers convincing homeowners to sell their houses for low prices for fear that a neighborhood’s socioeconomic demographics are changing and will decrease home values.

2024年5月15日 · Blockbusting, also known as panic selling, is the discriminatory practice of encouraging homeowners to sell their homes below market value due to the neighborhood’s changing demographics.

2013年1月7日 · Blockbusting refers to the practice of introducing African American homeowners into previously all white neighborhoods in order to spark rapid white flight and housing price decline. Real estate speculators have historically used this technique to profit from prejudice-driven market instability.

2017年8月10日 · Blockbusting was a real estate practice that took place in the US during the late 20th century, particularly after the end of World War II. This practice was triggered first by the 1917 Supreme Court decision in Buchanan vs. Warley, which made racially segregating residential laws illegal.

2023年8月18日 · The meaning of BLOCKBUSTING is profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of depressed values because of threatened minority encroachment and then reselling at inflated prices.

Blockbusting: Real Estate Brokers and Neighborhoods in Racial Transition∗ Amine Ouazad† July 2012 Abstract The paper presents a continuous-time dynamic model of a neighborhood in racial transition as triggered by a fee-motivated real estate broker. Racial transition occurs

2020年8月13日 · A predatory real estate practice, blockbusting leverages racial prejudice to drive white homeowners out of their neighborhoods and coerce them into selling their properties at low prices.

Blockbusting is a real estate practice where agents induce panic selling in a neighborhood by suggesting that racial or ethnic minorities are moving in, thus manipulating homeowners to sell their properties at lower prices.