Current:Home > FinanceThe Daily Money: Will new real estate rules hurt Black buyers? -TrueNorth Capital Hub
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-26 13:27:41
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! (732)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Smallville's Allison Mack Released From Prison Early in NXIVM Sex Trafficking Case
- The U.S. is expanding CO2 pipelines. One poisoned town wants you to know its story
- Strip Mining Worsened the Severity of Deadly Kentucky Floods, Say Former Mining Regulators. They Are Calling for an Investigation
- Arkansas State Police probe death of woman found after officer
- Shifting Sands: Carolina’s Outer Banks Face a Precarious Future
- Save 53% On This Keurig Machine That Makes Hot and Iced Coffee With Ease
- All of You Will Love Chrissy Teigen’s Adorable Footage of Her and John Legend’s 4 Kids
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- In Georgia, Bloated Costs Take Over a Nuclear Power Plant and a Fight Looms Over Who Pays
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Economic forecasters on jobs, inflation and housing
- In a Bid to Save Its Coal Industry, Wyoming Has Become a Test Case for Carbon Capture, but Utilities are Balking at the Pricetag
- American Airlines and JetBlue must end partnership in the northeast U.S., judge rules
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Inside Clean Energy: As Efficiency Rises, Solar Power Needs Fewer Acres to Pack the Same Punch
- Amazon Prime Day Early Tech Deals: Save on Kindle, Fire Tablet, Ring Doorbell, Smart Televisions and More
- It’s Happened Before: Paleoclimate Study Shows Warming Oceans Could Lead to a Spike in Seabed Methane Emissions
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Kate Middleton Turns Heads in Royal Blue at King Charles III's Scottish Coronation Ceremony
California Released a Bold Climate Plan, but Critics Say It Will Harm Vulnerable Communities and Undermine Its Goals
Netflix has officially begun its plan to make users pay extra for password sharing
Trump invites nearly all federal workers to quit now, get paid through September
Yes, Puerto Rican licenses are valid in the U.S., Hertz reminds its employees
A record number of Americans may fly this summer. Here's everything you need to know
Every Hour, This Gas Storage Station Sends Half a Ton of Methane Into the Atmosphere