DMAR Digest | Week of August 8
Must read
August 12 | Free Connect: Shifting Market. Shifting Mindset.
The housing market, at last, appears to be cooling off... Now what?
Join us for a panel conversation with two seasoned Realtor® professionals who have experience working through a market shift (or two). They'll share what you can do to not only survive a shift but to be one of the few agents to thrive.
Hear their best tips for how to grow your business - and mindset - and best serve your clients and the community by authentically embracing inclusion and diversity.
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Yun: Possible Economic Downturn Likely to Be Mild
The country isn’t officially in a recession yet, despite two consecutive quarters of national contraction of the gross domestic product, a commonly cited indicator of an economic downturn, says Lawrence Yun, chief economist for the National Association of Realtors®. And several healthy economic trends, including a robust job market, coupled with new efforts to boost affordable housing could stave off a more serious slump, Yun adds. Read More
Mortgage Rates Hit 4.99%, Dropping Below 5% for First Time Since April
Mortgage rates dropped to their lowest level since April, offering a reprieve to prospective home buyers who have been hit this year with higher rates and surging prices. The average rate on a 30-year fixed-rate mortgage is 4.99% this week, down from 5.30% a week earlier, according to a survey by mortgage giant Freddie Mac published Thursday. Though rates remain well above their levels from a year ago, they have fallen swiftly in recent weeks from their 13-year high of 5.81% in June. Read More
Fannie Mae to accept lender-funded down payment assistance
Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations. Read More
In the market for a new home? Denver’s July housing report shows things are cooling off
If you’ve been on the market for a new home but haven’t been able to beat all-cash offers from investors or other buyers, things may soon work in your favor. While we may not be there quite yet, Denver’s July housing report shows the market is shifting away from a seller’s to a buyer’s market. Read More
Denver Finally Shifting Toward Buyer's Home-Sales Market, New Report Shows
The August report from the Denver Metro Association of Realtors® offers some good news for house-hunters — finally. After a long period of bidding wars and rising prices, the average price for a detached home has fallen by more than $25,000, slipping below $800,000 for the first time since March. Read More
Rates Improved as Recession Red Flags Have Been Drawn | Guest Post
Institutions, first-time homebuyers, and those who have been waiting will all be ready to buy on these dips. Since we have not yet achieved an inventory level that could comfortably sustain a surge in demand, the thought of a housing bubble eludes me. Read More
DMAR Real Estate Market Trends Report | AUG. '22
The data confirms that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced. Month-over-month, the market is down 3.33 percent but compared to last year, it is still up 11.04 percent, indicating that a more balanced market, combined with slightly decreasing interest rates, may create opportunity for those who previously felt burned out on the process. Read More
Digging Deeper: All-Time Records
The past few years have brought a flurry of broken records. In this report, the DMAR Market Trends Committee examined the all-time highs and lows on record. Read More
Digging Deeper: July 2022 Records
July 2022 was yet another record-breaking month - but only in two categories. In this report, the DMAR Market Trends Committee examined the various records broken in this month. Read More
Digging Deeper: Year-to-Date Zip Code Report
The DMAR Market Trends Committee examined the year-over-year changes in average close price, median close price, number of closed transactions and days in MLS by zip code. Read More
[INFOGRAPHIC] Market Trends Overview | AUG. '22
Download the August 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
Resources & services
Membership Dues Billing Starts Soon
In an effort for dues billing and collection to go as smoothly as possible, please make sure that DMAR has your current email address and contact info. If you need to update any of your information, you can fill out this form or email help@dmarealtors.com.
August is Member Appreciation Month
Throughout the month of August, we want to say THANK YOU for being a part of the DMAR family. We know you have a choice of which Association you belong to, and we thank you for choosing DMAR. Your annual investment helps fund exclusive Realtor®-only benefits that streamline your business and save time and money for you and your clients. As a token of our appreciation, we want to offer you special perks all month long! Read More
FREE DMAR Connect: Tech Showcase & Mastermind
It's time to get your marketing and business plan on track with a technology infusion! Join us for a glimpse into the future of real estate tech from local nerds. You'll learn best practices plus tips and tricks to integrate real estate technology, social media and client tech into your 2023 real estate business plan. You'll not only get an idea of what you should already be doing but also a peek into what’s coming to prepare your business for change. Free RSVP
FREE Happy Hour Mixer
Sip, sip hooray! It's time for a happy hour social mixer and you're invited! Come on down for a drink or two and meet the leadership of your YPN Committee. This is a great chance to network and mix & mingle with some fellow DMAR members. Free RSVP
FREE DMAR Connect: New Basics for Broker-Owners
Are you a broker-owner (or want to become one)? If so, this is a must-attend event for you! The market is showing signs of stabilization and a return to something closer to our pre-pandemic "normal." With that comes new challenges - and benefits - that resulted from the pandemic. So, what are the new basics you need to know? Join us and find out! Our lineup of speakers include: Steve Murray, who has been in the industry for 44 years and is the co-founder and a current consultant for RealTrends; Sharry Schmid, President of Edina Realty which is the largest residential real estate firm in the Midwest; and Jim Fischetti, who brings almost four decades of experience and is the VP of Learning and Development for NextHome, Inc. They'll share their thoughts on agent attraction and retention, brokerage operations, agent education and more as the market adjusts to a new normal. Free RSVP
Become a 2022 Inaugural Sponsor
One of our annual signature events, the DMAR Inaugural Installation is an evening of food, drinks and celebration. This is an exciting opportunity to get in front of DMAR leadership, members & industry influencers. By participating as a sponsor, you are demonstrating your corporate support for our Association, our Board of Directors and our incoming Chair. Read More
DMAR Staff is Here to Help
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.
Just for you
Three Tier Benefits | Legal Shield
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).
Members receive over 20% discount and get access to great legal coverage and the ability to protect your identity.
Expected and unexpected legal issues arise everyday. But with a LegalShield Legal Plan, a small monthly fee gets you access to advice and counsel on an unlimited amount of personal legal issues from attorneys with an average of 19 years experience.
