Another term for blockbusting is?

Blockbusting refers to the practice where real estate agents persuade homeowners to sell their properties at a lower price by instilling fear that a certain demographic group will soon move into the neighborhood, thereby decreasing property values. Panic selling is a critical element of this practice, as it exploits the anxieties and fears of homeowners, prompting them to sell quickly, often at a loss.

The term "panic pedaling" captures the essence of this tactic, emphasizing the urgency and psychological pressure involved in the sales process. It reflects the behavior of agents who use alarmist strategies to provoke quick decisions from homeowners, leading to a rapid turnover of properties in a neighborhood. This term is closely associated with blockbusting due to its focus on inducing panic among residents, which is fundamental to the practice.

In contrast, other terms like redlining and steering refer to different discriminatory practices in housing. Redlining involves denying services based on residents' racial or ethnic backgrounds, while steering refers to guiding prospective homebuyers or renters towards or away from certain neighborhoods based on their race or ethnicity. Familial status involves laws that prevent discrimination against families with children. Each of these terms addresses distinct issues related to housing discrimination, but none align with the specific concept and implications of blockbusting as effectively