The Voice for Real Estate 20: Credit Scores, Vacation Homes
The way credit scores are calculated needs to change to reflect shifts in demographics, technology, and lifestyles. At a summit NAR hosted with other groups, credit scoring companies agreed changes are needed and they said they’re in the works. HUD Secretary Julian Castro attended the summit as well and said FHA is also looking at change. That's the lead story in The Voice for Real Estate for the week of April 13, 2015. Also covered: a surge in vacation home sales and what's inside the proposed federal rule on drones.
- Credit scoring changes could be coming soon - 0:23
- Vacation home sales are surging, up 50 percent as baby boomers look at retirement - 3:52
- What’s in the proposed drone rules? 55-pound weight limit, among other limits - 4:51
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