blockbusting

noun
block·​bust·​ing | \ ˈbläk-ˌbə-stiŋ How to pronounce blockbusting (audio) \

Definition of blockbusting

: profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of depressed values because of threatened minority encroachment and then reselling at inflated prices

First Known Use of blockbusting

1954, in the meaning defined above

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The first known use of blockbusting was in 1954

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blockbusting

noun
block·​bust·​ing

Legal Definition of blockbusting

: profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of lowered values because of threatened minority encroachment and then reselling at inflated prices

Note: Many states have statutes prohibiting blockbusting by real estate agents.

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