Minorities Pay Higher Prices Than Whites For Similar Homes But Racial Prejudice Ruled Out As Cause

From "Price Discrimination in the Housing Market" by Patrick Bayer, Marcus D. Casey, Fernando Ferreira, Robert McMillan, NBER Working Paper No. 18069, May 2012:

using novel panel data from over two million repeat-sales housing transactions in four metropolitan areas. The results indicate that black and Hispanic homebuyers pay premiums of around 3 percent on average across the four cities – differences that are not explained by variation in buyer income, wealth or access to credit. The estimated premiums do not vary significantly with the racial composition of the neighborhood or, most strikingly, the race of the seller. This latter result rules out racial prejudice or animosity on the part of sellers as the primary explanation for the estimated premiums.