Drone Rule Changes Coming

The FAA last month proposed drone-rule changes, which would allow a "more flexible framework" for the vehicles with limitations on nocturnal and line-of-sight use. Proposed rules also address height restrictions, operator certification, use of spotters and aircraft registration. -- in Origination News
http://www.nationalmortgagenews.com/news/origination/real_estate_agents_eager_for_drone_rule_changes-1046531-1.html?
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Despite the economic and financial challenges young adults have braved since the recession, the millennial generation represented the largest share of recent buyers, according to the 2015 National Association of Realtors Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent homebuyers and sellers. The survey additionally found that an overwhelming majority of buyers search for homes online and then purchase their home through a real estate agent, with millennials using agents the most. -- by NationalMortgageProfessional.com
http://nationalmortgageprofessional.com/news/53123/nar-study-finds-millenials-lead-all-current-homebuyers?
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Shared by Darja Vizjak, Pilgrimage Church in Slovenia, Lake Bled

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Nat'l Real Estate Post:
CFPB will no longer require proof of income for a pre-approval or pre-qualification.
http://thenationalrealestatepost.com/new-cfpb-rule-will-render-pre-approvals-usless/?
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Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,092,000. This is 3.0 percent (±1.7%) above the revised January rate of 1,060,000 and is 7.7 percent (±2.0%) above the February 2014 estimate of 1,014,000.

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Shared by Uros Kralj, taken by Danijela Zivkovic, Bellagio - Lake Como - Italy

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Blame the Weather

HOUSING STARTS

Privately-owned housing starts in February were at a seasonally adjusted annual rate of 897,000. This is 17.0 percent (±9.5%) below the revised January estimate of 1,081,000 and is 3.3 percent (±12.5%)* below the February 2014 rate of 928,000.

Single-family housing starts in February were at a rate of 593,000; this is 14.9 percent (±10.0%) below the revised January figure of 697,000. The February rate for units in buildings with five units or more was 297,000.

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Shared by Mirjana Jesensek, taken by Maria Loana.  Camogli, Italia

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3D Printed A/C Sold for How Much!?

http://www.digitaltrends.com/home/haier-debuts-3d-printed-air-conditioner/

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Shared and taken by John Brody.   Sacre Coeur Basilica, Paris

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The increase in average loan sizes for purchase mortgage applications has outpaced the recovery in house prices. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/33237-average-mortgage-loan-size-outpaces-home-prices
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