Current:Home > FinanceThe Daily Money: Will new real estate rules hurt Black buyers? -Streamline Finance
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-13 10:42:45
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! (7926)
Related
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Immigrants prepare for new Biden protections with excitement and concern
- Woman arrested at Indiana Applebee's after argument over 'All You Can Eat' deal: Police
- Yankees outfielder Alex Verdugo finds out he's allergic to his batting gloves
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- Retired Air Force Maj. Gen. Richard Secord fights on: once in Vietnam, now within family
- Police: 2 dead in Tennessee interstate crash involving ambulance
- Former Alabama police sergeant pleads guilty to excessive force charge
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Dirt-racing legend Scott Bloomquist dies Friday in plane crash in Tennessee
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Connor Stalions, staffer in Michigan's alleged sign stealing, finds new job
- Investigators looking for long-missing Michigan woman find human remains on husband’s property
- Hundreds of miles away, Hurricane Ernesto still affects US beaches with rip currents, house collapse
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Noah Lyles claps back at Dolphins WR Tyreek Hill: 'Just chasing clout'
- 'Incredibly rare' dead sea serpent surfaces in California waters; just 1 of 20 since 1901
- DNA search prompts arrest of Idaho murder suspect in 51-year-old cold case, California police say
Recommendation
'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
Bronze statue of John Lewis replaces more than 100-year-old Confederate monument
Woman arrested, charged in Elvis Presley Graceland foreclosure scheme
Tom Cruise and Nicole Kidman's Son Connor Cruise Shares Rare Glimpse into His Private World
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
What the VP picks says about what Harris and Trump want for America's kids
Shooting kills 2 and wounds 2 in Oakland, California
College football begins next weekend with No. 10 Florida State facing Georgia Tech in Ireland