Current:Home > reviewsThe Daily Money: Will new real estate rules hurt Black buyers? -Wealth Legacy Solutions
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-18 10:00:11
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! (5)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Archaeologists unearth the largest cemetery ever discovered in Gaza and find rare lead sarcophogi
- Woman's body found in jaws of Florida alligator
- When does 'Survivor' start? Season 45 cast, premiere date, start time, how to watch
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- A fire in a commercial building south of Benin’s capital killed at least 35 people
- Former President Jimmy Carter makes appearance at peanut festival ahead of his 99th birthday
- Woman arrested after 55 dogs are removed from animal rescue home and 5 dead puppies found in freezer
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Don't let Deion Sanders fool you, he obviously loves all his kids equally
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- Canadian autoworkers ratify new labor agreement with Ford
- Autumn is here! Books to help you transition from summer to fall
- Jury selection set to open in terrorism trial of extended family stemming from 2018 New Mexico raid
- Travis Hunter, the 2
- President Macron says France will end its military presence in Niger and pull ambassador after coup
- Newcastle equals its biggest EPL win with 8-0 rout at Sheffield United. Tributes for Cusack at game
- Toddler and 2 adults fatally shot in Florida during argument over dog sale, authorities say
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
The Rise of Digital Gold by WEOWNCOIN
With laughter and lots of love, Megan Rapinoe says goodbye to USWNT with final game
Florida deputies fatally shot a man who pointed a gun at passing cars, sheriff says
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
'We just collapsed:' Reds' postseason hopes take hit with historic meltdown
A trial opens in France over the killing of a police couple in the name of the Islamic State group
New Jersey Gov. Phil Murphy calls on Sen. Robert Menendez to resign in wake of indictment