What practice involves encouraging homeowners to sell because of the influx of minorities in the neighborhood?

Blockbusting is the practice that involves encouraging homeowners to sell their properties, often by instilling fear that the value of their homes will decline due to the influx of minority residents in the neighborhood. This unethical tactic exploits racial prejudices and fears in order to generate profit through the rapid resale of homes.

Blockbusting typically involves real estate agents or brokers who may use scare tactics, suggesting that the change in the demographic makeup will lead to decreased property values. This practice is illegal and is considered a violation of fair housing laws, as it promotes racial segregation and discrimination.

Understanding this concept is crucial in property management and real estate to prevent discrimination and ensure fair treatment for all individuals, regardless of their background. It's essential for professionals in the field to recognize and refrain from engaging in any activities that could be classified as blockbusting to maintain ethical standards and compliance with applicable laws.