Post by Zillow

When homes are sold privately, the harm doesn't fall equally. Sellers in communities of color lost 1.9% on average from private listings. In majority white neighborhoods, that figure was 1.1%. Across three years and millions of transactions, that gap is consistent. Some brokerages are trying to expand the private listing model. That scales up the harm, too. A system built around exclusivity doesn't become more equitable as it grows. The question isn't whether this is harmful. The question is how much damage gets done before it stops. Read more: https://lnkd.in/eZcVm-Ap