DMAR Digest | Week of July 6

“We are what we repeatedly do. Excellence then is not an act but a habit." 

Aristotle, Ancient Greek philosopher 

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Real Estate Market In Metro Denver Seeing ‘Increased Demand, Few Choices’
Homes sales in metro Denver rose in June amid scant inventory. 
The number of closed transactions surged 57.3 percent compared to May, according to the Denver Metro Association of REALTORS®. That still marks a decline of nearly 7 percent compared to the same time last year. Read More

“What economic slowdown?” Metro Denver home sales surge in June as demand outstrips supply
Homebuyers in metro Denver made up for lost time in June, closing on 5,581 homes and condos and putting another 7,676 under contract, according to the Denver Metro Association of REALTORS®. Read More

Legal Bites July 1, 2020 - New Public Health Order - Open Houses
CAR General Counsel Scott Peterson gives an update on the Eighth Amended Public Health Order 20-28 “Safer at Home” issued on July 1, 2020 that allows for open houses under strict guidelines. Watch Video

DMAR Real Estate Market Trends Report | JUL. '20
Record number of Denver-area homes on the market went under contract in June and home prices are on the rise. The market is experiencing near-record-low housing inventory making for a strong seller’s market. Read More 

[INFOGRAPHIC] Market Trends Overview | JUL. '20
Download the July Market Trends Report infographic. This is a great resource to share with your clients and colleagues on social media, your website or via email or even print. Read More 

Inventory Has Become the Unintended Consequence | Guest Post
As the virus rampages throughout the nation and the economy attempts to recover, the housing market will be its guiding light, strong, stable and willing to provide financial security to those who participate. Read More

DMAR Promotes Amy Davies to COO
The Board of Directors of the Denver Metro Association of REALTORS® (DMAR) - an organization comprised of over 7,000 real estate professionals and The Voice of Real Estate® in the Denver Metro area – announced today that it has named Amy Davies as chief operating officer (COO). Read More 

Mortgage rates fall to new all-time low this week
Mortgage rates dropped to a new all-time low in the U.S. this week as a resurgence of COVID-19 infections caused investors to pile into the bond markets. The average rate for a 30-year fixed mortgage was 3.07%, the lowest in a data series that goes back to 1971, and down from 3.13% last week, Freddie Mac said on Thursday. Read More

How the housing market’s V-shaped recovery could slip into a W-shape
Life comes at you fast and you better be ready to handle any curveball that gets thrown your way. The curveball I’m talking about is the increase in COVID-19 cases we are seeing in many states, including my state of California. The significant uptick in many areas following the relaxation of stay-at-home orders forced some governors to scale back the reopening of the economy. Read More

Congress Grants PPP Extension
Created by the CARES Act in March, PPP offers forgivable loans for small businesses to pay expenses and keep workers on the payroll. Loans are also available to independent contractors. Although the program quickly ran out of money, it was injected with new funding a month later. The application period for the program ended on Tuesday with $130 billion still unallocated. Read More  

We're still here for you

If you are looking to reach a specific department or staff person, please refer to the staff directory here, or contact our main line at 303-756-0553 or email help@dmarealtors.com. 

DMAR-Wide Virtual Connect Meetings
Join us on the second and fourth Thursday of every month for a DMAR-Wide Virtual Connect Meeting. No matter which District you belong to everyone is invited to join us and connect! View Calendar

Visit Our Online REALTOR® Store
We are now offering curbside pick-up (by appointment only) for all REALTOR® Store purchases. Please view our inventory online and then call one of our four locations to place an order. We will take payment over the phone and schedule a time for you to pick-up your order. We have also restocked our Showing Supplies Baskets. Get them before they're gone! Learn More

Diversity Resources
In an effort to help provide education and resources, we have put together a diversity portal. This is by no means an exhaustive list, but it’s a good place to start. Learn More

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Three Tier Benefits | CyberPolicy​

As a member of DMAR, you also gain access to member-only benefits and services from the Colorado Association of REALTORS® (CAR) and the National Association of REALTORS® (NAR).

NAR Member Exclusive! Protect your real estate business with a customized and comprehensive cyber liability insurance program created for REALTOR®-owned brokerages. Designed to meet the unique needs of real estate professionals, you have access to preparedness tools, premium discounts and specialized coverage, with support to help quickly restore your business if a cyber attack or fraud occurs. This coverage extends beyond the broker to include clients and is unique to this program.

Learn More 

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