blockbusting

[blok-buhs-ting]
noun
the profiteering practice by unscrupulous real-estate agents or speculators of reselling or renting homes that they obtain by inducing panic selling at prices below value, especially by exploiting racial prejudices.

Origin:
1940–45; block + bust2 + -ing1

Dictionary.com Unabridged

blockbust

[blok-buhst]
verb (used with object), verb (used without object)
to subject or be subjected to blockbusting: Developers blockbusted in order to buy up the entire area.

Origin:
Americanism; by back formation from blockbuster or blockbusting

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To blockbusting
Collins
World English Dictionary
blockbusting (ˈblɒkˌbʌstɪŋ)
 
n
informal (US) 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

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
It also described public hearings on blockbusting, the first in the nation by a government agency.
Specifically prohibited are steering, blockbusting, and other forms of housing discrimination.
Historically, blockbusting and steering were techniques commonly used by realtors to prevent segregation of neighborhoods.
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