Current:Home > reviewsThe Daily Money: Will new real estate rules hurt Black buyers? -Blueprint Money Mastery
The Daily Money: Will new real estate rules hurt Black buyers?
SafeX Pro Exchange View
Date:2025-04-05 23:59:16
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! (15)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Their lands are oceans apart but are linked by rising, warming seas of climate change
- The Biden administration sold oil and gas leases days after the climate summit
- This Glimpse of Behati Prinsloo and Adam Levine's New Baby Will Be Loved
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- COP26 sees pledges to transition to electric vehicles, but key countries are mum
- Volunteers are growing oyster gardens to help restore reefs
- Find Out if Sex/Life Is Getting a 3rd Season
- Senate begins final push to expand Social Security benefits for millions of people
- The White House wants a robust electric vehicle charging network. Here's the plan
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- This Colorado 'solar garden' is literally a farm under solar panels
- Love Is Blind Star Bartise Bowden Welcomes First Baby
- Biden calls for higher fees for oil, gas leasing on federal land, stops short of ban
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- The U.N. says climate impacts are getting worse faster than the world is adapting
- Elton John bids farewell in last show of final tour
- Hong Kong police arrest 4, accusing them of supporting pro-democracy leaders overseas
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
Climate activist Greta Thunberg charged with disobedience, Swedish officials say
Weekend storms bring damage to parts of Southern U.S.
Gwyneth Paltrow Shares Rare Photo of Son Moses on His 17th Birthday
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
S Club 7 Thanks Fans for Support After Paul Cattermole's Death at 46
Jeremy Renner Enjoys Family Trip to Six Flags Amusement Park 3 Months After Snowplow Accident
Gwyneth Paltrow Shares Rare Photo of Son Moses on His 17th Birthday