The Voice for Real Estate 11: QRM, Drones

The Voice for Real Estate 11: QRM, Drones


♪ [music] ♫ a big win for home-buyers and their realtors as the government drops a controversial
plan for big down payments. will you be taking pictures of your new
listing from the sky? and double good news for the market.
these stories and more on The Voice for Real Estate
hi I’m Stephen Gasque with
The National Association of REALTORS® great news for home buyers trying to save
for a home purchase NAR has helped secure new federal
mortgage rules that will allow borrowers to get safe
and secure mortgages without having to make a huge down payment.
regulators back in 2011 were talking about a 20% down payment
requirement for all so-called qualified residential
mortgages these are loans that lenders package
into securities and sell to investors NAR backed up its opposition to
that with data showing that the down payment wasn’t a
significant factor in loan performance and the rules reflect that view NAR’s Charlie Dawson has more
‘>>’Dawson: definitely a win for consumers because it ensures that they’ll continue
to have access to safe and affordable mortgage products without overly burdensome down payment requirements
‘>>’Gasque: watch the full interview by going to The Voice for Real Estate page on REALTOR.org ♪ [music] ♫ drones might be closing in on
you and your real estate business real estate professionals say drones
could provide stunning photos and videos to many listings but
so far the commercial use of drones without a
permit is against the law in a meeting with NAR just a few
weeks ago officials from the Federal Aviation Administration said they intend to publish a proposed rule
on the commercial use of drones this month. NAR told the FAA that
Realtors should be allowed to use drones in their businesses we spoke to NAR’s
Russell Riggs ‘>>’Riggs: we’ve been actively engaging the FAA to
make sure they understand our members unique concerns and perspectives in this
area there’s a huge pent-up demand among our
members to be able to use this technology we think, and they think they can use this technology safely and
responsibly as long as there is some good regulations in place
‘>>’Gasque: watch the full
interview with Russell Riggs and NAR associate counsel Lesley Walker by going to
The Voice for Real Estate page on REALTOR.org ♪ [music] ♫ home sales are up and they could continue to head up based
on NAR’s latest Housing Reports existing home sales rose 2.4% in
September and they’re now at their highest pace
this year NAR’s forward-looking Pending Home Sales
indicator is also up for the month suggesting strong
sales for the remainder of 2014 at an October news conference NAR Chief Economist Lawrence Yun explained ‘>>’Yun: it’s welcoming that it is the highest figure of the year I would say one year from now two years from now things will be much
better because we have so many factors that will support home sales I mention
consistently job creation is good we still have low rates and even if
the rate was to rise I think it will be manageable ‘>>’Gasque: if the present sales pace continues
home sales should reach almost 5.2 million this year which would
be the highest level in several years ♪ [music] ♫ and that’s our show for
the week of November 3rd real insights from your nation’s Realtors thank you for joining us and be sure to join us
next time when we bring you a special edition of The Voice for Real Estate from the 2014 Real Estate Conference &
Expo in New Orleans ♪ ♬ [jazzy music plays] ♪ ♬ we’ll bring you the top news from the biggest Real
Estate meeting of the year right here on The Voice for Real Estate ♪ [music] ♫ brought to you by
The National Association of REALTORS® your advocate for housing and property
rights in Washington across America and in your
neighborhood this is The Voice for Real Estate ♪ [music] ♫

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