Current:Home > MyThe Daily Money: Will new real estate rules hurt Black buyers? -GrowthInsight
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-16 00:15:14
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! (5183)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Bus hijacked in downtown Los Angeles collides with several vehicles and crashes into a hotel
- Wales' election of its first Black leader means no White man runs a U.K. government for the first time ever
- Senate rival Frank LaRose joins other GOP Ohio officeholders in endorsing Bernie Moreno
- Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
- Sophia Bush and Ashlyn Harris Enjoy Night Out at Friend Ruby Rose’s Birthday Bash
- 1 person killed, others injured in Kansas apartment building fire
- Shohei Ohtani interpreter fiasco is a menacing sign: Sports' gambling problem has arrived
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Carlee Russell, Alabama woman who faked her own kidnapping, gets probation for hoax
Ranking
- Southern California rocked by series of earthquakes: Is a bigger one brewing?
- Texas, South see population gains among fastest-growing counties; Western states slow
- A fifth Albuquerque, New Mexico, police officer has resigned amid probe of unit
- Human composting as alternative to burial and cremation gets final approval by Delaware lawmakers
- 9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
- Julia Fox Turns Heads After Wearing Her Most Casual Outfit to Date
- Shania Twain Responds to Lukas Gage Apologizing for Wasting Her Time With Chris Appleton Wedding
- Reddit shares soar on first day of trading as social media platform's IPO arrives
Recommendation
Audit: California risked millions in homelessness funds due to poor anti-fraud protections
Louisiana couple each gets 20 years after neglected daughter’s death on maggot-infested couch
Lawrence County Superintendent Robbie Fletcher selected as Kentucky’s next education commissioner
Texas Lawmaker Seeks to Improve Texas’ Power Capacity by Joining Regional Grid and Agreeing to Federal Oversight
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
There's so much electronic waste in the world it could span the equator – and it's still growing
Lawsuit in New Mexico alleges abuse by a Catholic priest decades ago
Lawrence County Superintendent Robbie Fletcher selected as Kentucky’s next education commissioner