DMAR Digest | Week of June 21
Must read
Get the Inside Scoop on New Inventory TOMORROW!
It's not too late to join the YPN New Development Insider tomorrow, June 22nd, at 9:00 AM. Whether you're looking to network in person or prefer the convenience of streaming from home, there are still tickets available for you!
This is your chance to get the inside scoop on some of the most exciting new developments across the Denver metro area - which is more important now than ever with such limited inventory for buyers. So be sure to register and reserve your spot - your future clients will thank you!
Quote of the week
“Security is mostly a superstition. Life is either a daring adventure or nothing."
Helen Keller, American author, disability rights advocate, political activist and lecturer
Skim this
Real Estate Facts Column: Homeownership Month
Each year during the month of June, the Denver Metro Association of REALTORS® takes the opportunity to celebrate homeownership by showcasing individual homeowners, government officials and various programs that protect and promote the American Dream of homeownership. Read More
Lumber Prices Are Dropping Fast
Lumber prices are falling quickly from record highs, and that may be happening at the right time for the new-home market. Home builder sentiment sank to its lowest level since August 2020, with builders blaming increasing material supply challenges for their outlook, according to a newly released report from the National Association of Home Builders. Builders said that declining availability for softwood lumber and other building materials is pushing builder sentiment down in June, at a time when buyer demand is surging. Read More
Builders Break Ground on More New Homes in May, but U.S. Housing Starts Disappoint Again
Construction on new homes rose slightly in May, but high lumber prices and labor shortages have stymied builders and could leave many customers frustrated as the busy U.S. summer home-buying season gets underway. Builders started construction on new homes at a 1.57 million annual pace in May, the U.S. Census Bureau said Wednesday. In other words, that’s how many houses would be started in a year if construction companies did the same amount of work every month as they did in May. Read More
HUD takes first step to restore fair housing rule
The rule will go into effect at the end of July, after a 30-day public comment period. It effectively rescinds the Trump administration’s 2020 rule, “Preserving Neighborhood and Community Choice,” which allowed HUD grantees to fulfill fair housing requirements by promising to take any action to promote a narrowed definition of fair housing. Read More
More than half of homes sold above asking price in May
The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April. Leading indicators of housing market activity are also declining into June, signaling that the pace of the market may be slowing, according to Taylor Marr, Redfin lead economist. Read More
Resources & services
DMAR staff is working remotely and still available to assist you by phone or email. 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.
[FREE Video Series] DMAR's REAL ESTATE MASTERY SESSIONS
Ranging from 20 minutes to nearly two hours, our newest series brings you focused, topical videos you can watch anywhere, anytime. Each video features local and national experts covering topics such as consumer trends, marketing and business planning tips, setting expectations for buyers in a volatile market, proper client engagement, lead generation, content creation, tips for new agents and more. Watch Here
Let us share your community service efforts
We see how much our members give back to the community and we want to show the world all the good you do! Tag DMAR on Facebook or Instagram and use #DMARvolunteers in your community service photos and posts so we can find and share them with our followers, too. We will get the word out on your good deeds so everyone can see how much our REALTORS® care about their community.
Market Trends Reports
You enjoy our monthly Market Trends Reports as they come out, but did you know accessing past reports is just as easy? You can dig through the archives on our website at your convenience. Read More
Industry partner spotlight
Industry Partner Members: Step into the Spotlight!
To be featured, please submit a brief elevator pitch (roughly 100-150 words) highlighting your business and what services you provide. Please note, this should not be a bio. We are looking for what makes you and/or your business unique.
Please send your pitch along with your name, company name, contact info and a URL link (if desired) to communications@dmarealtors.com.
No strings attached - this is a FREE advertising opportunity!
Just for you
Three Tier Benefits | ReferralExchange
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).
Manage your leads so you can focus on pursuing your best opportunities. LIVE by ReferralExchange uses licensed experts who validate your leads (from any source, such as your website, open house sign-in sheets, social media, realtor.com®, Facebook and more) and connect you with potential clients who are ready to transact, in real time.
Exclusive member benefit: NAR members receive exclusive savings and custom benefits on LIVE by ReferralExchange. LIVE (Lead Information Verification Engine) is a monthly subscription service that provides licensed real estate agents who act as an extension of your brand to validate leads you provide from your form sources and connect you with potential clients who are ready to transact, in real time.
Plus! Additional limited time savings: ReferralExchange has gone above and beyond and through NAR’s Right Tools, Right Now initiative, is offering an additional $350+ savings off the standard one-time set-up. Member savings is now over $900 in the first year.
Trending
