What is the illegal practice of encouraging property owners to sell at lower prices as minorities move into a neighborhood called?

The illegal practice of encouraging property owners to sell at lower prices as minorities move into a neighborhood is called blockbusting. This tactic exploits racial fears; real estate agents may create panic among homeowners by suggesting that property values will decrease due to the influx of minority populations, thus urging the owners to sell quickly, often at depressed prices. Blockbusting not only manipulates the market but also perpetuates segregation and discrimination in housing. This practice is prohibited under fair housing laws, as it undermines the integrity of neighborhoods and reinforces systemic inequities. Understanding blockbusting is essential for recognizing unethical practices in real estate and promoting fair housing.