DMAR Digest | Week of October 12

“Focus on the core problem your business solves and put out lots of content and enthusiasm and ideas about how to solve that problem.”

Laura Fitton, 
Founder of OTwiter app store, Oneforty and the co-Author of Twitter for Dummies

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Denver suddenly has one of the most competitive housing markets in America
It’s a destination for tech workers fleeing the pricey Bay Area and for metropolitan East Coasters looking for more expansive outdoor space. The new work-from-anywhere culture of the coronavirus pandemic is one of the top reasons Denver is experiencing its most competitive housing market in history. Read More

Biden’s first-time homebuyer tax credit in the age of COVID-19
When former Vice President Joe Biden first proposed his $15,000 first-time homebuyer tax credit in February, there were no U.S. deaths from COVID-19. Now that the pandemic has plunged the U.S. economy into a recession and killed more than 208,000 Americans, the plan from the frontrunner in the presidential election is well-aimed to assist the only weak link in an otherwise booming housing market: First-time buyers trying to scrape together a down payment. Read More

Real Trends October Newsletter | compliments of DMAR
These articles originally appeared in the October 2020 issue of the REAL Trends Newsletter and are reprinted with permission of REAL Trends, Inc. Copyright 2020. Read More

What the Latest Jobs Numbers Say About the Housing Market
In our weekly look at economic indicators and their implications for real estate, Realtor.com Chief Economist Danielle Hale talks about unemployment, consumer confidence, and more. Read More

September was the toughest month ever to buy a home in metro Denver
Normally by September, metro Denver’s housing market has cooled off and started buttoning down for the off-season. But nothing is normal about this year. The region broke September records for the most homes put under contract, most homes sold, shortest time on the market, lowest inventory and highest median home price, according to a report Monday from the Denver Metro Association of REALTORS®. Read More

Study: 400,000 Homeowners Are ‘Needlessly Delinquent’
Not all struggling borrowers who are eligible for forbearance have taken it during the pandemic. That has led to a growing number of homeowners who are delinquent on their mortgages but don’t need to be. About 400,000 homeowners are “needlessly delinquent,” notes Urban Institute researchers Laurie Goodman and Michael Neal in a recent report. Read More

Opendoor and other iBuyers' sales stall despite hot housing market
Opendoor, a San-Francisco-based digital home buyer and seller, received a $4.8 billion valuation when it went public three weeks ago, and it is the largest iBuyer in the U.S., based on market share — but 2020 isn’t expected to be a winning sales year for the so-called “Amazon of Housing.” Read More

Opendoor discloses that it’s under federal investigation
Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia Holdings Corp. II in September. But the filing also revealed that Opendoor is under investigation by the Federal Trade Commission over its advertising practices. 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. 

October 14 | YPN Connect: How to Command Respect
Join us for this one-hour presentation and learn how you can advance your business by commanding respect. Our speaker, Dr. Bruce Lund, has spent the past decade training thousands of professionals across the country on how to maximize their productivity and elevate their personal brand... now he's ready to do the same for you! Register Here

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 contactless 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. Learn More

Industry Partner Spotlight 

Chris Sommers with Edge Home Finance

"Always looking out for you" is my motto. With more than 20 years in the mortgage industry, I have the ability to quickly provide financing solutions with your best interest at heart. I provide an array of financing options to help current and potential homeowners maximize their financial situation and achieve their goals. As a mortgage broker, I have access to numerous programs and options to fit nearly every home financing situation. I will find the best one for your clients. Email Chris

Just for you 

Three Tier Benefits | Fiat Chrysler Automobiles

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). 

REALTORS®, Association staff and family members get a $500 cash allowance towards their purchase or lease of select new models and may be combined with local and national incentives. (Exclusions may apply. Ask dealer for complete details.) Additionally, REALTORS® receive an exclusive two-year vehicle maintenance plan contract from Mopar® Vehicle Protection with purchase or lease. View the eligible vehicles tab below for the full line-up of vehicles.

The Mopar® Vehicle Protection package, created exclusively for REALTORS®, includes for two years at no extra charge: 

• 4 (two per year) lube, oil and oil filter changes using synthetic oil 
• Road hazard tire and wheel service plan that includes full repair or replacement cost for all four tires and wheels 
• Free first-day car rental and daily $35 rental car or taxi reimbursement (if needed) while your car is being maintained at the dealership
• Valued up to $1,000, when combined, these savings equal the value of your NAR membership dues for more than six years. 

Learn More

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