Current:Home > reviewsThe Daily Money: Will new real estate rules hurt Black buyers? -Ascend Finance Compass
The Daily Money: Will new real estate rules hurt Black buyers?
Charles Langston View
Date:2025-04-09 19:20:04
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! (795)
Related
- Don't let hackers fool you with a 'scam
- Ex-officer testifies he beat a ‘helpless’ Tyre Nichols then lied about it
- 23andMe agrees to $30 million settlement over data breach that affected 6.9 million users
- Donald Trump to attend Alabama vs. Georgia college football game in late September
- Former Syrian official arrested in California who oversaw prison charged with torture
- Volkswagen, Porsche, Mazda among 100,000 vehicles recalled: Check car recalls here
- T-Mobile sends emergency alert using Starlink satellites instead of relying on cell towers
- Why Kelly Osbourne Says Rehab Is Like Learning “How to Be a Better Drug Addict”
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Emily Gold, teen dancer on 'America's Got Talent,' dead at 17
Ranking
- Current, future North Carolina governor’s challenge of power
- Brackish water creeping up the Mississippi River may threaten Louisiana’s drinking supply
- Legally Blonde’s Ali Larter Shares Why She and Her Family Moved Away From Hollywood
- Is Demi Moore as Obsessed With J.Crew's Barn Jacket as We Are?
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Bill Belichick looking back on Super Bowl victories highlight 'ManningCast' during MNF
- Defense questions police practices as 3 ex-officers stand trial in Tyre Nichols’ death
- Jordan Chiles takes fight over Olympic bronze medal to Swiss high court
Recommendation
All That You Wanted to Know About She’s All That
San Francisco 49ers WR Deebo Samuel to miss a couple weeks with calf injury
Pregnant Mandy Moore Says She’s Being Followed Ahead of Baby No. 3’s Birth
90 Day Fiancé’s Big Ed Brown Engaged to Porscha Raemond 24 Hours After Meeting at Fan Event
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Northern lights forecast: These Midwest states may catch Monday's light show
Oregon man charged with stalking, harassing UConn's Paige Bueckers
Judge tosses Ken Paxton’s lawsuit targeting Texas county’s voter registration effort