DMAR Digest | Week of July 18
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Apply Now! Bring your leadership to the table.
We are looking for diverse, visionary leaders to fill four open seats on our Board of Directors and to help guide the Association strategically into the future. This is an excellent opportunity to get involved in a leadership position and your chance to represent your fellow members.
- Two NAR Director positions, one for a one-year term and one for a two-year term beginning December 1, 2022.
- One CAR Director position for a three-year term beginning December 1, 2022.
- One REcolorado Director position for a three-year term beginning November 1, 2022.
Deadline to Apply: Thursday, July 21st at 5:00 PM
Skim this
What does another good job report mean for a recession?
What does it mean to get a positive job report with all the talk about a recession, which ramped up starting in January 2022? Let’s look at the U.S. jobs and economic numbers as five of my six recession red flags are up today. The June data shows that we added another 372,000 jobs as we get closer to the employment numbers before COVID-19. We did have 74,000 negative revisions to the previous reports, however, the internals of this jobs report is the most interesting aspect. Let’s take a look together. Read More
Mortgage Rates Rise Again After Recording Sharp Drop
Mortgage rates increased for the first time in three weeks. The average rate on a 30-year fixed-rate mortgage rose to 5.51%, mortgage-finance giant Freddie Mac said Thursday. That is up from 5.30% last week, when rates recorded the largest weekly decline since December 2008, but below the 13-year high of 5.81% recorded in June. A year ago, the 30-year mortgage averaged 2.88%. Read More
With home sales down, why are home prices still up?
I labeled this market savagely unhealthy earlier this year because I knew what this data would look like. Home prices are growing even with higher rates, so we aren’t benefiting from falling home prices, even though sales are dropping. This has happened before when rates rose, sales fall, and price growth would cool down but not go negative. However, it’s a different ball game here in 2020-2024. Read More
Recession-Proof REITs: Senior Housing Demand Bounces Back After Two Catastrophic Years
But as nationwide occupancy among senior housing facilities creeps toward pre-Covid levels, investors could see a healthy rebound in this sector of the real estate market. Occupancy fell to 78.8% for senior housing facilities in 2020, and closer to 75% in some segments of the space, according to NIC. The overall number has crept back to 81.4%, but still has room to grow before reaching pre-COVID occupancy levels of 87.6%. Read More
City and County Market Trends Reports | JUL. '22
Quick look at City and County Market Trends Reports featuring June data. These 48 downloadable reports are comprehensive and a fantastic member benefit. Read More
Resources & services
2022 Forecast: Midyear Update
We've put together a special 2022 housing market forecast midyear update featuring commentary by former Chair of DMAR's Market Trends Committee, Steve Danyliw, as well as Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors®, and Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors®. Read More
Warning Graphic Images: Knowing Market Trends | This Wednesday
Market data can be overwhelming... but it doesn't have to be! Join us for this two-hour class taught by members of the DMAR Market Trends Committee and learn how to easily make sense of market data so you can get a better read on the market and confidently advise your clients. Read More
Download our new app for FREE
The DMAR Home Kit makes finding local professionals and housing market updates as easy as a tap of your finger. It's your one-stop-shop for connecting with top home service pros near you, exclusive discounts and offers, award-winning market stats and more. Whether you’re looking for a roofer, painter or mortgage lender, all of our service providers are trusted Industry Partner members of the Denver Metro Association of Realtors®. Learn More
Blueprint for Homeownership [PDF]
Thanks for helping us make our first-ever Housapalooza a success! This was a great consumer-facing, educational event for first-time homebuyers in metro Denver. Attendees received a digital resource guide with great information and resources. Missed the event but want to view the resource guide or share it with your clients? View/Download the Resource Guide
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 | Rental Beast *NEW*
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 members receive free access to Apply Now by Rental Beast, the secure FCRA-compliant online rental application and tenant screening engine, as well as unlimited access to Rental Beast University, the digital education platform designed by industry experts.
How to Access This Offer:
- Sign up for your free account for direct access to Rental Beast
- Initiate applications for any rental property
- Access comprehensive resources through Rental Beast University for free, 24/7/365
