Current:Home > FinanceThe Daily Money: Will new real estate rules hurt Black buyers? -ProsperityStream Academy
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-13 03:38:31
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! (39168)
Related
- New Orleans mayor’s former bodyguard making first court appearance after July indictment
- Matt Ulrich's Wife Pens Heartbreaking Message After NFL Alum's Death
- CMAs awards Lainey Wilson top honors, Jelly Roll sees success, plus 3 other unforgettable moments
- Massachusetts is running out of shelter beds for families, including migrants from other states
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- CMA Awards 2023 full winners list: Lainey Wilson, Luke Combs, Chris Stapleton and more
- Poland’s outgoing minister asks new legislators to seek further war reparations from Germany
- Profits slip at Japan’s Sony, hit by lengthy Hollywood strike
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Israeli strikes pound Gaza City, where tens of thousands have fled in recent days
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- A Russian missile hits a Liberia-flagged ship in Odesa, Ukraine’s main Black Sea port
- Top US accident investigator says close calls between planes show that aviation is under stress
- Sharon Stone alleges former Sony exec sexually harassed her: 'I became hysterical'
- Bodycam footage shows high
- Kim Kardashian’s SKIMS Launches the Ultimate Holiday Shop Featuring Patrick Mahomes and Family
- Actors strike ends: SAG-AFTRA leadership OKs tentative deal with major Hollywood studios
- Tracy Chapman becomes first Black woman to win CMA Award 35 years after 'Fast Car' debut
Recommendation
'Stranger Things' prequel 'The First Shadow' is headed to Broadway
Blake Shelton Playfully Trolls Wife Gwen Stefani for Returning to The Voice After His Exit
Japanese automaker Nissan’s profits zoom on strong sales, favorable exchange rates
Alex Galchenyuk video: NHL player threatens officers, utters racial slurs in bodycam footage
Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
Zac Efron “Devastated” by Death of 17 Again Costar Matthew Perry
Japanese automaker Nissan’s profits zoom on strong sales, favorable exchange rates
The man charged in last year’s attack against Nancy Pelosi’s husband goes to trial in San Francisco