Current:Home > reviewsThe Daily Money: Will new real estate rules hurt Black buyers? -AssetLink
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-15 21:05:39
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! (95273)
Related
- A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
- Jackson’s water rates to increase early next year
- Madonna Reveals She Was in an Induced Coma From Bacterial Infection in New Health Update
- Chelsea and Fulham win penalty shootouts to reach English League Cup semifinals
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Russia ramps up its military presence in the Arctic nearly 2 years into the Ukraine war
- Group turned away at Mexican holiday party returned with gunmen killing 11, investigators say
- Amy Robach says marriage to T.J. Holmes is 'on the table'
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Australia and New Zealand leaders seek closer defense ties
Ranking
- A South Texas lawmaker’s 15
- Mariah Carey's 'All I Want for Christmas' tops Billboard's Hot 100 for fifth year in a row
- UCLA gymnast Chae Campbell hits viral floor routine inspired by Wakanda in 'Black Panther'
- In a season of twists and turns, these 10 games decided the College Football Playoff race
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Court in Germany convicts a man inspired by the Islamic State group of committing 2 knife attacks
- Victoria Beckham's Intimate Video of David Beckham's Workout Will Make You Sweat
- 'I don't think we're all committed enough': Jalen Hurts laments Eagles' third loss in a row
Recommendation
The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
How that (spoiler!) cameo in Trevor Noah’s new Netflix special came to be
LGBTQ military veterans finally seeing the benefits of honorable discharge originally denied them
LGBTQ military veterans finally seeing the benefits of honorable discharge originally denied them
Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
Italian fashion influencer apologizes for charity miscommunication, is fined 1 million euros
Mustafa Ahmed announces benefit concert for Gaza, Sudan with Omar Apollo, Ramy Youssef, more
Backup QBs are on display all around the NFL as injury-depleted teams push toward the postseason