Similar trends exist in the buyer’s market. Research has found that homes in Black and Latino neighborhoods are persistently undervalued by appraisers, further widening the racial wealth gap.
That sounds nonsensical to me. Isn't something only worth what people are prepared to pay for it. Appraisers take local past sale prices into account when calculating a valuation. If properties are undervalued by appraisers then they will attract more potential buyers. They will bid the prices for the area up, which will then be reflected in later appraisals unless the appraisers want to go out of business.