Current:Home > InvestThe Daily Money: Will new real estate rules hurt Black buyers?-LoTradeCoin
The Daily Money: Will new real estate rules hurt Black buyers?
View Date:2024-12-24 10:59:22
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! (38281)
Related
- NFL MVP rankings: Does Steelers QB Russell Wilson deserve any consideration?
- As strikes devastate Gaza, Israel forms unity government to oversee war sparked by Hamas attack
- Cher denies kidnapping allegation by son's estranged wife: 'I'm a mother. This is my job'
- Family Dollar offering refunds after recalling hundreds of consumer products
- He failed as a service dog. But that didn't stop him from joining the police force
- Hidden junk fees from businesses can drive up costs. Biden, FTC plan would end it.
- Sculpture commemorating historic 1967 Cleveland summit with Ali, Jim Brown, other athletes unveiled
- Early morning storms leave path of damage from Tampa Bay into north Florida. No injuries reported
- Jessica Simpson’s Sister Ashlee Simpson Addresses Eric Johnson Breakup Speculation
- Peter Thomas Roth Flash Deal: Get $156 Worth of Retinol for $69 and Reduce Wrinkles Overnight
Ranking
- 'He's driving the bus': Jim Harbaugh effect paying dividends for Justin Herbert, Chargers
- Police have unserved warrant for Miles Bridges for violation of domestic violence protective order
- Sri Lanka says it has reached an agreement with China’s EXIM Bank on debt, clearing IMF funding snag
- Norway activists press on with their protest against wind farm on land used by herders
- Armie Hammer Says His Mom Gifted Him a Vasectomy for His 38th Birthday
- Teen faces adult murder charge in slaying of Michigan election canvasser
- Sony announces release of new PlayStation 5 Slim models just in time for the holiday season
- An Israeli jewelry designer described as ‘the softest soul’ has been abducted, her family says
Recommendation
-
Climate Advocacy Groups Say They’re Ready for Trump 2.0
-
Kate Spade Flash Deal: Get This $400 Shoulder Bag for Just $89
-
2 people are killed and 6 are injured after car suspected of smuggling migrants overturns in Hungary
-
French troops are starting to withdraw from Niger and junta leaders give UN head 72 hours to leave
-
Oprah Winfrey Addresses Claim She Was Paid $1 Million by Kamala Harris' Campaign
-
NTSB chair says new locomotive camera rule is flawed because it excludes freight railroads
-
'Dumbest thing ever': Deion Sanders rips late kickoff, thankful Colorado is leaving Pac-12
-
Celebrity Prime Day Picks: Kris Jenner, Tayshia Adams & More Share What's in Their Amazon Cart