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FAA subpoenas practitioners using drones

Jul 07, 2014
The Federal Aviation Administration is beginning to crack down on the growing popularity of unlawful drone use in the real estate industry. The FAA has targeted several brokerages in New York City that use drones, slapping them with subpoenas in a widespread move to learn more about how the real estate professionals use the technology to advance their business.

The National Association of REALTORS has long warned that practitioners should steer clear of using drones for their business until the FAA releases solid rules on such use, which is expected by September 2015.

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Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

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