What term best describes the practice of selling properties due to anxiety over community demographics?

The practice of selling properties due to anxiety over community demographics is best described as block busting. This term refers to the illegal practice where real estate agents encourage homeowners to sell their properties at a reduced price by instilling fear that a demographic change in their neighborhood, often involving the movement of minority groups into a predominantly white area, will decrease property values.

Block busting has significant ethical and legal implications as it promotes racial steering and creates panic selling, contributing to segregation and further demographic shifts. It exploits individuals’ biases and fears about real estate value, leading to unfair practices in the housing market.

The other terms provided do not capture this practice. Managing typically refers to overseeing property operations, condemnation involves the legal process of seizing private property for public use, and flipping refers to the practice of purchasing properties, renovating them, and selling them quickly for a profit. None of these concepts encompass the demographic fears and racial dynamics involved in block busting.