The mass movement of white Americans from urban to suburban areas that occurred in the 1950's and 1960's. This phenomenon, related to the illegal practice of blockbusting, was largely the result of dishonest real estate professionals and investors attempting to profit from racial and religious tensions during this era. These investors hoped to benefit by buying urban homes at depressed prices and reselling them at a profit.
Terms, Definitions, and Concepts: Real Estate, Legal, Management
Added: Sat Jul 05 2008
Last Modified: Tue Jul 08 2008