Current:Home > FinanceThe Daily Money: Will new real estate rules hurt Black buyers? -WorldMoney
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-14 10:32:37
Happy Monday! It's Bailey Schulz with The Daily Money.
Good news for drivers: Gas prices are falling.
The national average for regular fuel at the pump was $3.35 per gallon on Monday, down about 17 cents from last month and nearly 50 cents from a year ago, according to data from AAA. Barring any unexpected road bumps ahead, experts say prices should keep falling through the remainder of the year.
New real estate rules could negatively impact Black buyers
New rules that went into effect this month were supposed to raise transparency in real estate, but there are concerns these changes could lead to unintended consequences for Black buyers.
Because of rule changes following litigation against the National Association of Realtors and large national brokerages, it is no longer assumed that a seller will pay a home buyer's broker. The concern is that Black buyers, who often come to the house hunt with the deck stacked against them, will be further disadvantaged by having to pay more money out of pocket for an agent to represent them – or will choose to go without representation in a transaction that’s expensive, confusing and laden with unfamiliar pain points.
“I am concerned,” said Denise Franklin, a long-time real estate agent in Greenville, South Carolina. “We may see more fair housing complaints and lawsuits.” You can read real estate reporter Andrea Riquier's story here.
📰 More stories you shouldn't miss 📰
- Was your Social Security number part of the data breach? How to check.
- What to know about record gold prices valuing one bar at $1 million.
- A 'small minority' of Taco Bells are cutting breakfast from the menu.
- The best family SUVs you can buy right now.
- Arsenic in apple juice? Juice sold at Walmart recalled.
🍔 Today's Menu 🍔
We still have a few more weeks left of summer, but that hasn’t stopped coffee chains from putting pumpkin spice options back on the menu.
Starbucks brought back its seasonal beverages last week, and Dunkin’ has hinted that its menu will be updated soon. The chain’s official Instagram account on Wednesday shared a post captioned, "Apparently I'm not allowed to say when pumpkin comes out but it rhymes with shmaugust shwenty shmeighth."
Dunkin' confirmed the Aug. 28 launch date of the fall menu in an email to USA TODAY but declined to share the contents of the menu.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
veryGood! (36)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- North Carolina removes children from a nature therapy program’s care amid a probe of a boy’s death
- 'Rustin' star Colman Domingo says the civil rights activist has been a 'North Star'
- Eras Tour in Australia: Tracking Taylor Swift's secret songs in Melbourne and Sydney
- South Korean president's party divided over defiant martial law speech
- Beyoncé and Michelle Williams Support Kelly Rowland at Star-Studded Movie Premiere
- Will the country music establishment embrace Beyoncé? Here's how to tell, according to experts
- 'Outer Range': Josh Brolin interview teases release date for Season 2 of mystery thriller
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Caitlin Clark does it! Iowa guard passes Kelsey Plum as NCAA women's basketball top scorer
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Maine gunman says reservists were worried he was going to do something because ‘I am capable’
- Ex-FBI official sentenced to over 2 years in prison for concealing payment from Albanian businessman
- Sora is ChatGPT maker OpenAI’s new text-to-video generator. Here’s what we know about the new tool
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- A Liberian woman with a mysterious past dwells in limbo in 'Drift'
- Body believed to be missing 5-year-old Darnell Taylor found in sewer, Ohio police say
- Salad kit from Bristol Farms now included in listeria-related recalls as outbreak grows
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Southern lawmakers rethink long-standing opposition to Medicaid expansion
Justice Department watchdog issues blistering report on hundreds of inmate deaths in federal prisons
Amy Schumer calls out trolls, says she 'owes no explanation' for her 'puffier' face
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Watch Caitlin Clark’s historic 3-point logo shot that broke the women's NCAA scoring record
Tech giants pledge action against deceptive AI in elections
Trump Media's merger with DWAC gets regulatory nod. Trump could get a stake worth $4 billion.