Current:Home > FinanceThe Daily Money: Will new real estate rules hurt Black buyers? -FundPrime
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-22 04:53:59
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! (2948)
Related
- Meta releases AI model to enhance Metaverse experience
- Stranger Things' Joe Keery Breaks Silence on Big Breakup From Maika Monroe
- Florida’s Supreme Court rejects state prosecutor’s bid to be reinstated after suspension by DeSantis
- Video shows Seattle police beat man with batons at bus stop, city investigating
- Stamford Road collision sends motorcyclist flying; driver arrested
- Lucy Hale Has a Pitch for a Housewives-Style Reunion With Pretty Little Liars Cast
- Russian warships to arrive in Havana next week, say Cuban officials, as military exercises expected
- Vanna White sends tearful farewell to Pat Sajak on 'Wheel of Fortune': 'I love you, Pat!'
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Get Starbucks delivered: Coffee giant announces new partnership with GrubHub
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Giant Joro spiders can fly for miles and devour butterflies, but they're also very shy. Here's what to know as they spread.
- GameStop stock soars after Keith Gill, or Roaring Kitty, reveals plan for YouTube return
- Chiefs cancel OTA session after player suffers 'medical emergency' in team meeting
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- James Beard finalists include an East African restaurant in Detroit and Seattle pho shops
- Trump film ‘The Apprentice’ made noise in Cannes, but it still lacks a US distributor
- Judge dismisses attempted murder and other charges in state case against Paul Pelosi’s attacker
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Giant Joro spiders can fly for miles and devour butterflies, but they're also very shy. Here's what to know as they spread.
The Daily Money: Last call for the Nvidia stock split
2024 Belmont Stakes: How to watch, post positions and field for Triple Crown horse race
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Florida’s Supreme Court rejects state prosecutor’s bid to be reinstated after suspension by DeSantis
Fiona Harvey files $170M lawsuit against Netflix for alleged 'Baby Reindeer' portrayal
NBA commissioner Adam Silver: Hard foul on Caitlin Clark a 'welcome to the league' moment