Current:Home > InvestThe Daily Money: Will new real estate rules hurt Black buyers? -ProfitQuest Academy
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-27 19:31:17
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! (1)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- US health officials confirm four new bird flu cases, in Colorado poultry workers
- Judge clears way for demolition of Texas church where 26 people were killed in 2017 shooting
- When does EA Sports College Football 25 come out? Some will get to play on Monday.
- Meta releases AI model to enhance Metaverse experience
- Mass dolphin stranding off Cape Cod officially named the largest in U.S. history
- 1 killed, 6 injured when pickup truck collides with horse-drawn buggy in Virginia
- A journey through the films of Powell and Pressburger, courtesy of Scorsese and Schoonmaker
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Search suspended for pilot and passenger after tour helicopter crash off Hawaii’s Kauai island
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Mississippi coach Lane Kiffin delivers emotional tribute to father at SEC media days
- Magnitude 3.4 earthquake recorded outside of Chicago Monday morning
- Can we vaccinate ourselves against misinformation? | The Excerpt
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Shrek movies in order: Catch up on all the films in time for 'Shrek 5'
- Former Chicago hospitals executives charged in $15M embezzlement scheme
- Rebecca Gayheart Shares Sweet Update on Her and Eric Dane’s Daughters
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Man arrested in the U.K. after human remains found in dumped suitcases
French sports minister takes a dip in the Seine weeks before the 2024 Paris Olympics begin
In beachy Galveston, locals buckle down without power after Beryl’s blow during peak tourist season
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Halloween decor drop: Home Depot's 12-foot skeleton, 7-foot Skelly dog go on sale soon
Lightning-caused wildfire in an Arizona forest still uncontained, leads to some evacuation orders
Nate Diaz suing co-promoter of Jorge Masvidal fight for $9 million