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An unethical business practice in which a real estate agent convinces a homeowner to sell his/her property at a loss because racial and/or ethnic minorities are moving into the area. For example, a company may hire a Latino woman to walk around a neighborhood and act as though she lives there. Blockbusting was done both to profit from the resale of the house and to encourage people to buy homes in new developments. Blockbusting became common after desegregation, and became very controversial after its public exposure in the 1960s. By the 1980s, the practice had largely disappeared.
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An illegal and discriminatory practice in which someone stampedes another into selling or granting a listing contract by trading on fears the neighborhood is changing with respect to race, sex, religion, color, disability, family status, or ancestry of the inhabitants. (For more detailed information,visit the U.S.Housing and Urban Development Web site at and search on the term “blockbusting.”) See panic peddling.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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References in periodicals archive ?
Shaffer, the Federal Second Circuit decided in June of this year that certain regulations enacted to prevent realtors from blockbusting neighborhoods were unconstitutional because the regulations arbitrarily curtailed commercial speech.
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To celebrate the launch of the blockbusting Dinosaurs Uncovered exhibition at the Herbert Art Gallery & Museum, we are encouraging children between the ages of 2 and 12 to get creative and enter our summer Dinosaur Drawing Competition.
JO-WILFRIED TSONGA handed Andy Murray the psychological edge ahead of their blockbusting semi-final - claiming he hates playing the British No.1.
Daniel Day-Lewis has made some wise career moves over the years, from My Left Foot to the blockbusting The Last of the Mohicans.
Friedberg and Selzer clearly have an axe to grind with the blockbusting franchise but they don''t have the skill to draw blood, recreating key scenes and embellishing with toilet humour.
Promoter Frank Warren has talked of putting Maccarinelli and European light-heavyweight king Nathan Cleverley on a blockbusting Cardiff bill.
Former Emmerdale actress Roxanne, who took the lead role in the Theatre's last pantomime, Cinderella, is donning her dancing shoes for 50s blockbusting dance show Rock Around the Clock.
The blockbusting Cup-tie between the reigning Super League champions and the current leaders at Headingley on Saturday, May 29, will go head to head with the opening day of the LV County Championship Division One game between Yorkshire and Lancashire.
Of course Ryder has to be snapped up by one of the eight franchises before the big bucks roll in but the blockbusting batsman's Wellington-based agent Aaron Klee said there was considerable interest in his star pupil.
Leslie Vainikolo's blockbusting 36 tries in a season in 2004 and his six touchdowns in match against Hull the following year.