Current:Home > FinanceThe Daily Money: Will new real estate rules hurt Black buyers? -VisionFunds
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-16 18:51:54
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! (195)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Authorities hint they know location of Suzanne Morphew's body: She is in a very difficult spot, says prosecutor
- War on NOAA? A Climate Denier’s Arrival Raises Fears the Agency’s Climate Mission Is Under Attack
- Lala Kent Addresses Vanderpump Rules Reunion Theories—Including Raquel Leviss Pregnancy Rumors
- Sam Taylor
- Ashley Tisdale Enters Her French Girl Era With New Curtain Bangs
- 4 dead after small plane crashes near South Carolina golf course
- Migrant workers said to be leaving Florida over new immigration law
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Wisconsin Tribe Votes to Evict Oil Pipeline From Its Reservation
Ranking
- Nevada attorney general revives 2020 fake electors case
- Explosive devices detonated, Molotov cocktail thrown at Washington, D.C., businesses
- In Detroit, Fighting Hopelessness With a Climate Plan
- Heather Rae El Moussa Claps Back at Critics Accusing Her of Favoring Son Tristan Over Stepkids
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Power Plants on Indian Reservations Get No Break on Emissions Rules
- Helping endangered sea turtles, by air
- Native American Tribe Gets Federal Funds to Flee Rising Seas
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Authorities hint they know location of Suzanne Morphew's body: She is in a very difficult spot, says prosecutor
The Biggest Threat to Growing Marijuana in California Used to Be the Law. Now, it’s Climate Change
Courts Question Pipeline Builders’ Use of Eminent Domain to Take Land
Small twin
This Is the Only Lip Product You Need in Your Bag This Summer
Climate Activists Converge on Washington With a Gift and a Warning for Biden and World Leaders
Louisville Zoo elephant calf named Fitz dies at age 3 following virus