Current:Home > ScamsThe Daily Money: Will new real estate rules hurt Black buyers? -LegacyBuild Academy
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-18 16:17:32
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! (29672)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Ryan Gosling Is Unrecognizable in Latest Red Carpet Look at The Fall Guy Premiere
- Nick Cannon and Mariah Carey’s Twins Look All Grown Up on 13th Birthday
- Bill Romanowski, wife file for bankruptcy amid DOJ lawsuit over unpaid taxes
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Jerry Seinfeld Shares His Kids' Honest Thoughts About His Career in Rare Family Update
- Kentucky Derby has had three filly winners. New challenges make it hard to envision more.
- George W. Bush’s portraits of veterans are heading to Disney World
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Florida’s 6-week abortion ban takes effect as doctors worry women will lose access to health care
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
- Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
- Increasingly Frequent Ocean Heat Waves Trigger Mass Die-Offs of Sealife, and Grief in Marine Scientists
- Why members of two of EPA's influential science advisory committees were let go
- Beyoncé is the most thankful musician followed by Victoria Monét, according to new study
- 'Welcome to Wrexham' Season 3: Release date, where to watch Ryan Reynolds and Rob McElhenney's docuseries
- Number of searches on Americans in FBI foreign intelligence database fell in 2023, report shows
Recommendation
Highlights from Trump’s interview with Time magazine
Maine governor will allow one final gun safety bill, veto another in wake of Lewiston mass shootings
Ex-Tesla worker says he lost job despite sacrifices, including sleeping in car to shorten commute
Powell likely to signal that lower inflation is needed before Fed would cut rates
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
‘A step back in time': America’s Catholic Church sees an immense shift toward the old ways
'Dad' of Wally, the missing emotional support alligator, makes tearful plea for his return
Maryland approves more than $3M for a man wrongly imprisoned for murder for three decades