Current:Home > MyThe Daily Money: Will new real estate rules hurt Black buyers? -ProfitMasters Hub
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-17 05:14:55
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! (9266)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- House fire that left 5 children dead in Arizona doesn’t appear to be arson, authorities say
- Sen. Mitch McConnell's retirement raises question: When is the right time to step back?
- Virginia lawmakers again decline to put restrictions on personal use of campaign accounts
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- School voucher ideas expose deep GOP divisions in Tennessee Legislature
- Climate change, cost and competition for water drive settlement over tribal rights to Colorado River
- Oprah chooses The Many Lives of Mama Love as newest book club pick
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Parents are hiring 'concierge moms' to help their kids at college, but is it a bad idea?
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- A billionaire-backed campaign for a new California city is off to a bumpy start
- NYC Mayor Eric Adams wants changes to sanctuary city laws, increased cooperation with ICE
- Social media influencer says Dolphins’ Tyreek Hill broke her leg during football drill at his home
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Melissa Gilliam, the first female and Black president of BU, shows what is possible
- Who's performing at the Oscars for 2024? Here's the list of confirmed Academy Awards performers so far.
- MIT Sloan Sports Analytics Conference continues to make strides in data acceptance
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
One Tech Tip: Don’t use rice for your device. Here’s how to dry out your smartphone
The Best Posture Correctors & Posture Supporting Bras That You Can Wear Every Day
Cyndi Lauper inks deal with firm behind ABBA Voyage for new immersive performance project
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Photos and videos show startling scene in Texas Panhandle as wildfires continue to burn
The Best Ways to Sanitize All of Your Beauty Tools: Brushes, Tweezers, Jade Roller, NuFACE Device & More
Texas fires map: Track wildfires as Smokehouse Creek blaze engulfs 500,000 acres