Current:Home > MarketsThe Daily Money: Will new real estate rules hurt Black buyers? -Infinite Edge Learning
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-16 21:49:48
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! (8972)
Related
- What to watch: O Jolie night
- Lawsuit alleges ‘widespread’ abuse at shuttered youth facility operated by man commuted by Trump
- Ex-CIA officer accused of sexually abusing dozens of women pleads guilty to federal charges
- US asks Congo and Rwanda to de-escalate tensions as fighting near their border displaces millions
- Former longtime South Carolina congressman John Spratt dies at 82
- David Beckham Playfully Calls Out Victoria Beckham Over Workout Fail
- 'I needed a new challenge': Craig Counsell explains why he went to Chicago Cubs
- Mary Fitzgerald Shares Update on Her and Romain Bonnet's Baby Journey After Septic Miscarriage
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Jewish protester's death in LA area remains under investigation as eyewitness accounts conflict
Ranking
- Highlights from Trump’s interview with Time magazine
- Uvalde mother whose daughter was killed in 2022 school shooting on the ballot for mayoral election
- Where the Republican presidential candidates stand on climate change
- At least 7 civilians killed and 20 others wounded after a minibus exploded in the Afghan capital
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Jim Harbaugh explains how Ric Flair became a 'very close friend' after visit at Michigan
- Chargers vs. Jets Monday Night Football highlights: LA climbs into AFC wild-card race
- Manchester City and Leipzig advance in Champions League. Veterans Pepe and Giroud shine
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
2 weeks after being accused of Antarctic assault, man was sent to remote icefield with young grad students
'Really lucky': Florida woman bit on head by 9-foot alligator walks away with scratches
Bill Self's new KU deal will make him highest-paid basketball coach ever at public college
The Daily Money: Spending more on holiday travel?
Georgia’s state taxes at fuel pumps suspended until Nov. 29, when lawmakers start special session
Man charged in shooting over Spanish conquistador statue appeals detention order pending trial
Chile shuts down a popular glacier, sparking debate over climate change and adventure sports