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NAR: FAA UAV initiatives good for real estate

May 06, 2015
The following is a statement by National Association of REALTORS President Chris Polychron regarding the recent announcement from the Federal Aviation Administration:
 
“REALTORS believe that images gathered by unmanned aerial vehicles, or UAVs, can enhance the experience of buying and selling real estate. The FAA’s intention to study the safety of UAV flights that go beyond the line of sight of the operator could lead to important benefits in the real estate industry, particularly for agents who wish to market rural and large commercial properties. NAR continues to advocate for federal regulations that allow for the real estate industry’s safe commercial use of UAV technology while also protecting privacy rights.”
 
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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

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