DMAR Digest | Week of June 28
Must read
DMAR Connect | June 2021 [Video + PDF]
Did you miss June's DMAR Connect featuring hot topics for a hot market? Not to worry! Click below to watch the full presentation and download your copy of the "Ultimate Appraisal Package." The discussion included everything from appraisal gaps and inspection waivers to low interest rates, over 60 percent of homes selling for over list price and hyper-demand for inventory.
This is the mid-year update on the Denver Metro real estate market you've been waiting for.
Quote of the week
“Don’t beat yourself up. Some transactions will naturally go smoothly, and others are a month of challenges. Learn what you can from each transaction, move on, and start the next one."
Kurt Uhlir, American inventor, entrepreneur and angel investor
Skim this
The Housing Market Shows Signs of Softening—Has It Topped Out?
For many months now, it’s seemed like nothing could slow down the American housing market. But wait! The tide may be beginning to turn—even if just a little. Over the past few weeks, the rate of price growth has begun to slow and fewer buyers are seeking mortgages to purchase homes. The competition for available homes, while still formidable, may not be quite as intense as it’s been. And this could provide buyers a sorely needed opening. Read More
Hope for Greater Inventory as Home Sales Slip Again
Limited housing supply and strong buyer demand caused existing-home sales to drop for the fourth consecutive month, falling 0.9% in May, the National Association of REALTORS® reported Wednesday. Still, sales were up 44.6% year over year, according to NAR. The median price for an existing home reached $350,300. Read More
New Home Sales Fall Short of Expectations, but Dropping Lumber Prices Could Provide Breathing Room
New home sales dropped by a larger-than-expected amount, falling to the lowest level in a year. New home sales occurred at a seasonally-adjusted annual rate of 769,000 in May, the U.S. Census Bureau reported Wednesday. The figure represented a 5.9% drop from the previous month’s revised figure, but was up 9.2% from a year ago. Read More
HUD, others unveil plan to increase Black homeownership
More than 100 groups threw their weight behind the effort, including industry trade associations such as the Mortgage Bankers Association, the National Association of REALTORS® and the National Association of Real Estate Brokers. Housing advocate groups including the National Fair Housing Alliance, National Housing Conference, National Urban League and Urban Institute also signed on. Read More
New Agent / Industry Partner Mastermind: Session 1, A Broad Look at the Transaction Cycle
It is a hellacious time to be getting into real estate. Hyper buyer demand coupled with low inventory and a glut of human and tech-enabled competition makes for trying times - and what you DIDN’T learn in real estate school comes back to bite you in many ways than one. But know that what makes REALTORS® - humans in a human business - essential will forever be the case with good preparation, useful marketing and the inclusion of your team. Shay Hata, a top Chicago REALTOR® and team leader, shares her tips. 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.
Sign Up to Sponsor Our Emails Before Prices Increase in July!
DMAR's emails are reaching a larger audience with better open rates. The cost to sponsor these emails will soon go up accordingly - but not until July! If you act soon, you can lock in the current rate before it goes up. Please email Sarah Goode at sgoode@dmarealtors.com if you are interested in learning more.
Exclusive Healthcare Benefits
As a benefit to you, enrollment in this program is now available to all DMAR members - REALTORS® and Industry Partners - as well as their families (whether the member enrolls or not). For years, one of the most common concerns for REALTORS® has been finding affordable healthcare solutions. This cost-sharing solution is now available to DMAR members for a cost averaging 30-60% less than purchasing traditional health insurance. Read More
Code of Ethics Training
DMAR values your membership and wants to ensure that you are informed about NAR’s mandatory REALTOR® Code of Ethics training requirement. If you are not sure if you have met the Cycle-6 (2019-2021) requirement, please contact our membership department at 303-756-0553. 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 | Budget Car Rentals
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).
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- Budget coupons can be combined with your regular NAR discount for greater savings. See promotional coupons found below.
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