blockbusting

noun

1. the profiteering real-estate practice of buying homes from white majority homeowners below market value, based on the implied threat of future devaluation during minority integration of previously segregated neighborhoods.

verb (used with or without object)

1. to subject or be subjected to blockbusting: Developers blockbusted in order to buy up the entire area.

noun

1. US informal the act or practice of inducing the sale of property cheaply by exploiting the owners’ fears of lower prices if racial minorities live in the area