Meaning of the word blockbusting in English

What does blockbusting mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

blockbusting

US /ˈblɑːkˌbʌs.tɪŋ/
UK /ˈblɑːkˌbʌs.tɪŋ/
"blockbusting" picture

Noun

1.

the practice of persuading owners to sell property cheaply because of the fear of people of another race or class moving into the neighborhood, and thus profiting by reselling at a higher price

Example:
Historically, blockbusting contributed to racial segregation in many cities.
Laws were enacted to prevent blockbusting and protect fair housing.
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