Current:Home > ScamsThe Daily Money: Will new real estate rules hurt Black buyers? -AssetScope
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-25 21:45:32
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! (46)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Man distraught over planned sale of late mother’s home fatally shoots 4 family members and himself
- Gunmen kill 31 people in 2 separate attacks in southwestern Pakistan; 12 insurgents also killed
- Harris and Trump are having a new squabble over their upcoming debate, this time about muted mics
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Absolute Units
- The shooting death of a 16-year-old girl by police is among a spate that’s upset Anchorage residents
- Katherine Schwarzenegger Reveals What Daughter Eloise Demands From Chris Pratt
- Retirement planning: 3 crucial moves everyone should make before 2025
- They fled genocide, hoping to find safety in America. They found apathy.
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- 9-month-old dies after grandmother left infant in hot car for hours in Texas, police say
- Matthew Stafford's Wife Kelly Stafford Shares Her Advice for Taylor Swift and Fellow Football Wives
- NASCAR driver Josh Berry OK after scary, upside down collision with wall during Daytona race
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Former England national soccer coach Sven-Goran Eriksson dies at 76
- Death of woman on 1st day of Burning Man festival under investigation
- Video shows California principal's suggestive pep rally dancing. Now he's on leave.
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Umpire Nick Mahrley carted off after broken bat hits his neck during Yankees-Rockies game
Judge to hear arguments over whether to dismiss Arizona’s fake elector case
Schools are competing with cell phones. Here’s how they think they could win
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Maya Moore has jersey number retired by Minnesota Lynx in emotional ceremony
Former MMA fighter Ronda Rousey apologizes for posting Sandy Hook conspiracy online 11 years ago
Kroger and Albertsons head to court to defend merger plan against US regulators’ objections