Current:Home > reviewsThe Daily Money: Will new real estate rules hurt Black buyers? -Wealth Evolution Experts
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-17 01:52:38
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! (36)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- WWE Alum and Congressional Candidate Daniel Rodimer Accused of Murder by Las Vegas Police
- Tyla cancels first tour, Coachella performance amid health issue: 'Silently suffering'
- 17-year-old boy dies after going missing during swimming drills in the Gulf of Mexico
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Fact Focus: Claims Biden administration is secretly flying migrants into the country are unfounded
- Xcel Energy 'acknowledges' role in sparking largest wildfire in Texas history
- BBC Scotland's Nick Sheridan Dead at 32
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- U.S. charges Chinese national with stealing AI trade secrets from Google
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Rust weapons supervisor Hannah Gutierrez-Reed convicted of involuntary manslaughter in accidental shooting
- Alabama lawmakers have approved a school choice program
- 2024 outfield rankings: Ronald Acuña isn't the only one with elite all-around skills
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Revolve’s 1 Day Sale Has Rare Deals on Top Brands- Free People, For Love & Lemons, Superdown & More
- Ground cinnamon sold at discount retailers contaminated with lead, FDA urges recall
- Customers blast Five Guys prices after receipt goes viral. Here's how much items cost.
Recommendation
Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
Proposed transmission line for renewable power from Canada to New England canceled
Where to find Stanley Easter tumblers now that they've sold out
Lace Up, These Hoka Sneaker Deals Won’t Last Long & You Can Save Up to 51%
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Movie Review: John Cena gets the laughs in middling comedy ‘Ricky Stanicky’
Revolve’s 1 Day Sale Has Rare Deals on Top Brands- Free People, For Love & Lemons, Superdown & More
What to know about Kate Cox: Biden State of the Union guest to spotlight abortion bans