Chicago Home Sales Dented by Racist 'Yard Art'

It's hard enough to sell a home sitting next to a neighbor who refuses to mow their lawn and patch up a dilapidated roof, or one that plays music with rib-rattling subwoofers turned up to 11 in the wee hours of the night, but what happens when a man living on your block posts racist signs on his garage?

The answer, for the West Beverly, Chicago neighborhood is the affirmation of a long-held reputation along with a fixed ceiling on demand and property values.

"I dont see too many African-American buyers who decide they want to look in that market, and as a result, their market is limited, which does in turn affect property values," said Nike Fasanya, owner, president and CEO of Marvel Ventures Mortgage Inc., based in Chicago.