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Kentucky's jobless rate drops to 5 percent in September 2015
October 16, 2015

Kentucky’s preliminary September 2015 unemployment rate fell to 5 percent from a seasonally adjusted 5.2 percent in August 2015, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet. Kentucky’s jobless rate had not been that low in more than 14 years. The state rate in September 2015 was 0.8 percent below the 5.8 percent rate recorded in September 2014.

The U.S. seasonally adjusted jobless rate remained at 5.1 percent from August 2015 to September 2015, according to the U.S. Department of Labor. Read More

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House passes bipartisan TRID grace period bill
October 12, 2015

Defying the threat of a White House veto, the House on Wednesday afternoon passed bipartisan legislation to help homebuyers avoid delays and disruptions when closing on their new homes by a bipartisan vote of 303-121.

The bill, the Homebuyers Assistance Act, provides a four-month grace period for businesses that are working in good faith to comply with a new 1,888-page rule from the Consumer Financial Protection Bureau that went into effect Oct. 4. Read More

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FAA proposes $1.9 million fine against company for 'reckless' drone operations
October 8, 2015

Federal regulators sent a shot across the bow of civilian drone operators Tuesday, proposing a record $1.9 million fine for a company that markets “bird’s-eye views” of some of the country’s most congested airspace and heavily populated cities.

“Flying unmanned aircraft in violation of the Federal Aviation Regulations is illegal and can be dangerous,” said Michael Huerta, head of the Federal Aviation Administration. “We have the safest airspace in the world, and everyone who uses it must understand and observe our comprehensive set of rules and regulations.” Read More

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Ratings added to realtor.com in beta, Realtor profiles revamped
October 7, 2015

What was once “Find A Realtor” is being rolled out nationally, starting with two cities in testing to work out any bugs. Realtor profiles have been revamped, ratings and reviews have been added, and “Find a Realtor” search has been updated.

Under new ownership, realtor.com is taking another whack at the ratings and reviews of Realtors (NAR members), having taken their lumps and learned some tough lessons that we think have helped them create a product that removes subjectivity from data by offering ratings from verified transactions only which comprise the stars system seen next to Realtors’ names. Read More

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