Current:Home > ContactThe Daily Money: Will new real estate rules hurt Black buyers? -MoneyStream
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-15 13:38:16
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! (7518)
Related
- Small twin
- International fiesta fills New Mexico’s sky with colorful hot air balloons
- Los Angeles prosecutors to review new evidence in Menendez brothers’ 1996 murder conviction
- 'Get out of here or die': Asheville man describes being trapped under bridge during Helene
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Judge refuses to dismiss Alabama lawsuit over solar panel fees
- 'Joker 2' review: Joaquin Phoenix returns in a sweeter, not better, movie musical
- Naomi Watts joined at New York Film Festival by her 'gigantic' dog co-star
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- South Carolina fire chief, volunteer firefighter killed after a tree fell on their truck during Helene
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Garth Brooks denies rape accusations, says he's 'not the man they have painted me to be'
- Blake Shelton Shares Unseen Photos of “Favorite Girl” Gwen Stefani on Her Birthday
- Saoirse Ronan made a life for herself. Now, she's 'ready to be out there again.'
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Nicole Kidman and Keith Urban's Daughter Sunday Rose Has the Most Unique Accent of All
- 'Nothing like this': National Guard rushes supplies to towns cut off by Helene
- Helene’s powerful storm surge killed 12 near Tampa. They didn’t have to die
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Orioles wonder what's next after another playoff flop against Royals in wild-card series
6 migrants from Egypt, Peru and Honduras die near Guatemalan border after Mexican soldiers open fire
Parents turn in children after police release photos from flash mob robberies, LAPD says
What do we know about the mysterious drones reported flying over New Jersey?
Detroit bus driver gets 6 months in jail for killing pedestrian
South Korea adoptees endure emotional, sometimes devastating searches for their birth families
Nevada politician guilty of using $70,000 meant for statue of slain officer for personal costs