DMAR Digest | Week of February 21

Check out the featured content, get the scoop with top news stories from the blog, mark your calendar for upcoming events & classes and catch up with the most buzz-worthy social posts from your Association.

February 21, 2022

Must read

5 REASONS YOU'D REGRET MISSING #EA22

#1. The largest Colorado real estate event of the year is back IN PERSON!
DMAR's Excellence Awards is the largest real estate awards show in the state. There is so much potential networking in a room with hundreds of Colorado's most talented, top producing professionals.

#2. This is the event that inspires future top producers.
Don't just take our word for it. In an interview with past winner and top producer, Deviree Vallejo, she shared that her intention to win the top spot was actually set while sitting in the audience at this very event as a new agent. This event truly does spark the movers and shakers of tomorrow.

#3. You could win some BIG prizes.
Show your support for RPAC and you may walk away as the winner of a $5,000 cash prize.

#4. This is your chance to cheer on your friends, co-workers and fellow top producers.
To win one of these awards is a huge accomplishment and it's worth celebrating. When one of your colleagues or friends wins, you'll want to be there to cheer them on. After all, behind every successful person are all the wonderful people who helped them get there. Make sure you attend to represent your company, brokerage, team and community.

#5. It's going to be a blast!
There will be food, drinks, awards, networking, photo ops, music, laughs... what more can you ask for? It's going to be a memorable ceremony this year as we return in person with everyone's favorite duo, Scott Peterson and Damian Cox, as our Emcees. We can't wait to see you there!

Register Here

Quote of the week

"Celebrate the success of others. High tide floats all ships."

Susan Elizabeth Phillips, American novelist

Skim this

Property Owners Plan More Rent Increases
Renter confidence over their finances is on the rise. That is good because that coincides with a recent survey finding that shows property owners plan to increase rents higher still this year. Sixty-one percent of property owners say they plan to raise the rent on at least one of their rental properties within the next 12 months, a new survey from realtor.com® shows. The most common increase will be between 5 percent and 10 percent, according to the survey. Read More

32% of Black Owners Say Homes Unfairly Appraised
Despite the fact that appraisers are prohibited from considering protected classes under the Fair Housing Act in the development of a property valuation, more than half—58%--of Black homeowners believe that race, sexual orientation, or another protected demographic is factored into an appraisal, LendingTree’s analysis finds. One in four Black homeowners who’ve ordered a home appraisal say they’ve even tried to conceal their race from the appraiser. Only 11% of white homeowners said they tried to do the same. Read More

‘Affordability Has Become a Substantial Hurdle’: Mortgage Rates Approach 4%, Threatening To Pour Cold Water on Housing Market
The 30-year fixed-rate mortgage averaged 3.92% for the week ending Feb. 17, up nearly a quarter of a percentage point from the previous week, Freddie Mac reported Thursday. It’s the highest average rate for the 30-year loan since May 2019, the last time mortgage rates were above 4%. Read More

In Denver's hot housing market, what does 'luxury' mean?
In its monthly reports, which cover the 11-county area surrounding Denver, DMAR labels properties sold for $1 million or more as “luxury.” But in her commentary for the February market report, DMAR Market Trends Committee member Brigette Modglin questioned whether $1 million can really be considered luxury anymore. Read More

Resources & services

Global & Luxury Summit - Denver | March 28 - 30 | DMAR DISCOUNT
AREAA’s Global & Luxury Summit is coming to the Four Seasons in Denver, March 28-30. DMAR members can take advantage of special member pricing (and AREAA membership) for only $349 - offer ends Sunday, February 27. The Global & Luxury Summit is an AREAA signature event that brings together an exclusive group of top producers, luxury experts and global investors. Previously hosted in New York City, Beverly Hills, Miami and Seattle, we encourage you to take advantage of this special occasion in Denver. To register, go to areaa.org/summit and select AREAA Member under Registration Type. Once you have completed the registration form, use code GLS22DMAR01 for a discount. Read More

First-Time Homeowner Tax Guide (2022)
You did it! You secured a new home in the hottest seller’s market we’ve ever seen. Now what? Tax season is here and you’re wondering how this new purchase will change how you file. We’re here to help. Here are a few things to keep in mind as you head into your first tax season as a homeowner. Note, this article has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Read More

Five Things Realtors® Can Do for Black History Month
February is Black History Month, which is why now is the perfect time to talk about how we as real estate professionals can help fight racial injustice and support the Black community. It may sometimes seem impossible for one individual to make a meaningful change, but as Realtors® you are leaders in your community and that’s where change starts. Here are five things Realtors® can do to support the Black community. 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 | Hertz®

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).

Hertz® is a premier rental car company, offering NAR members travel perks and car rental savings at participating locations worldwide. The Hertz Corporation is one of the largest worldwide rental companies; with Hertz representing 8,500+ locations in 150 countries.

Save up to 25% off Hertz® car, cargo van and pickup truck rental base rates all year.

Plus, take advantage of these benefits: