Current:Home > InvestThe Daily Money: Will new real estate rules hurt Black buyers? -FinanceMind
The Daily Money: Will new real estate rules hurt Black buyers?
Surpassing View
Date:2025-04-10 03:44:52
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! (31948)
Related
- Highlights from Trump’s interview with Time magazine
- Everwood Star Treat Williams Dead at 71 in Motorcycle Accident
- Market Headwinds Buffet Appalachia’s Future as a Center for Petrochemicals
- Market Headwinds Buffet Appalachia’s Future as a Center for Petrochemicals
- Grammy nominee Teddy Swims on love, growth and embracing change
- From the Heart of Coal Country, Competing Visions for the Future of Energy
- As Rooftop Solar Rises, a Battle Over Who Gets to Own Michigan’s Renewable Energy Future Grows
- Hailey Bieber Supports Selena Gomez Amid Message on “Hateful” Comments
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Entrepreneurs Built Iowa’s Solar Economy. A Utility’s Push for Solar Fees Could Shut Them Down.
Ranking
- South Korean president's party divided over defiant martial law speech
- When startups become workhorses, not unicorns
- New HIV case linked to vampire facials at New Mexico spa
- Twitter threatens legal action over Meta's copycat Threads, report says
- Bodycam footage shows high
- When startups become workhorses, not unicorns
- Ezra Miller Makes Rare Public Appearance at The Flash Premiere After Controversies
- Kate Spade's Limited-Time Clearance Sale Has Chic Summer Bags, Wallets, Jewelry & More
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
We've Got 22 Pretty Little Liars Secrets and We're Not Going to Keep Them to Ourselves
Retail spending dips as holiday sales bite into inflation
Elon Musk reinstates suspended journalists on Twitter after backlash
The Super Bowl could end in a 'three
Florida lawyer arrested for allegedly killing his father, who accused him of stealing from family trust
Middle America’s Low-Hanging Carbon: The Search for Greenhouse Gas Cuts from the Grid, Agriculture and Transportation
What Does a Zero-Carbon Future Look Like for Transportation in Minnesota?