Current:Home > ContactThe Daily Money: Will new real estate rules hurt Black buyers? -AssetLink
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-26 03:03:11
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! (3659)
Related
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- A play about censorship is censored — and free speech groups are fighting back
- Former Tennessee police officer sues after department rescinds job offer because he has HIV
- How do I stop a co-worker who unnecessarily monitors my actions? Ask HR
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Judge in Parkland school shooting trial reprimanded for showing bias against shooter's defense team
- Netanyahu hospitalized again as Israel reaches new levels of unrest
- Judge blocks Biden administration’s policy limiting asylum for migrants but delays enforcement
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Philippines shocks co-host New Zealand 1-0 for its first win at the World Cup
Ranking
- Sonya Massey's family keeps eyes on 'full justice' one month after shooting
- 'Visualizing the Virgin' shows Mary in the Middle Ages
- How Anitta, the 'Girl from Rio,' went global
- In TV interview, Prince Harry says his book is a bid to 'own my story'
- US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
- Investigators pore over evidence from the home of alleged Gilgo Beach serial killer as search ends
- Flight delays, cancellations could continue for a decade amid airline workforce shortage
- DeSantis uninjured in car accident in Tennessee, campaign says
Recommendation
What to watch: O Jolie night
Biden honors Emmett Till and his mother with new national monument
This Congressman-elect swears by (and on) vintage Superman
Baby raccoon's pitiful cries for mom are heartbreaking. Watch a boater step in to help.
Buckingham Palace staff under investigation for 'bar brawl'
Elon Musk says new Twitter logo to change from bird toX as soon as Monday
We Spoil 'Glass Onion: A Knives Out Mystery'
Jason Aldean's controversial Try That In A Small Town reaches No. 2 on music charts