Fair Housing Center of Metropolitan Detroit and Redfin Agree to Settlement Which Expands Access to Real Estate Services for Buyers and Sellers in Communities of Color
Redfin Agrees to Modify its Minimum Home Price Policy
Detroit, MI. —Today, after a lengthy period of negotiation, the Fair Housing Center of Metropolitan Detroit (FHCMD) joined the National Fair Housing Alliance (NFHA) and eight other fair housing organizations throughout the country in announcing a settlement with Redfin Corporation, one of the nation’s largest real estate services companies, that will expand opportunities for consumers in communities of color in Metropolitan Detroit.
The settlement is significant in that Redfin has agreed to revised its national minimum home price policy, which limited or denied services for homes priced under certain values. In operation, the policy unfairly caused Redfin to disproportionately underserve or fail to serve low-income, predominantly minority communities.
Further details are set forth in the FHCMD's press release. The settlement agreement, in its entirety, along with the original federal court complaint, are available below.
