Current:Home > ContactThe Daily Money: Will new real estate rules hurt Black buyers? -BrightFuture Investments
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-14 14:06:07
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! (51)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- U.S. Military Not Doing Enough to Prepare Bases for Climate Change, GAO Warns
- In the Outer Banks, Officials and Property Owners Battle to Keep the Ocean at Bay
- Everything to Know About King Charles III's Coronation
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Federal Program Sends $15 Million to Help Coal Communities Adapt
- New York Passes Ambitious Climate Bill, Aiming to Meet Paris Targets
- Life Kit: How to 'futureproof' your body and relieve pain
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Today’s Climate: June 2, 2010
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- FDA expected to authorize new omicron-specific COVID boosters this week
- Bodies of 3 men recovered from Davenport, Iowa, building collapse site, officials say
- An E. coli outbreak possibly linked to Wendy's has expanded to six states
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Today’s Climate: May 31, 2010
- Jennifer Lopez Shares How Her Twins Emme and Max Are Embracing Being Teenagers
- Selling Sunset Turns Up the Heat With New Competition in Explosive Season 6 Trailer
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Bodies of 3 men recovered from Davenport, Iowa, building collapse site, officials say
Summer House: Martha's Vineyard Stars Explain the Vacation Spot's Rich Black History
Nearly 8 million kids lost a parent or primary caregiver to the pandemic
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Today’s Climate: May 25, 2010
You'll Never Believe Bridgerton's Connection to King Charles III's Coronation
How ESG investing got tangled up in America's culture wars