DMAR Digest | Week of March 21
Must read
Have you downloaded SafeShowings yet? (It's FREE!)
The SafeShowings app provides an easy, mobile way for real estate professionals to scan in visitors’ driver's licenses prior to showing a home. The app stores an image of the individual’s license alongside the listing info and agent information. It keeps an ongoing list of people who have entered the home and when they were there, which can then be accessed via the app or on the web.
This smart and simple app helps keep you safe during showings. Plus, it deters criminal behavior because you have photos and contact info of all the potential buyers.
Quote of the week
“Real estate is an imperishable asset, ever-increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.”
Russell Sage, American financier, railroad executive and politician
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The Cost of Waiting – Why Now Is the Time to Buy | Guest Post
While homebuyers may be tempted to pull the covers over their heads until more inventory appears, every day waiting is costing them money. How? With interest rates and home prices headed up, and supply remaining tight as the pent-up pandemic demand of millennials in their home-buying prime is finally released, there isn’t going to be the ‘let-up’ in demand so many people think is headed their way. Read More
City and County Market Trends Reports | MAR. '22
Quick look at City and County Market Trends Reports featuring January data. These 48 downloadable reports are comprehensive and a fantastic member benefit. Download all the reports with one click below. Read More
Mid-April the Best Time to List
Home sellers who list during the week of April 10–16 will be able to take advantage of the spring buying season’s anticipated strong demand, high asking prices, quick home sales, and lowered competition from other sellers, according to realtor.com®’s fourth annual Best Time to Sell Report. Those who list that week will likely get a head start on the competition. Read More
The Fed makes its move – and more rate hikes are coming
The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. history. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50 percent, the first time the FOMC has changed the federal funds rate in two years, and the first rate hike since March 2018. Read More
Mortgage Rates Soar Above 4% for the First Time Since 2019
The average rate on a 30-year fixed-rate mortgage was 4.16% as of the week ending March 17, up 31 basis points from the previous week, Freddie Mac reported Thursday. One basis point is equal to one hundredth of a percentage point, or 1% of 1%. Read More
What Fed’s Rate Hike Means for Mortgage Borrowers
Consumers can expect higher borrowing costs across the board after the Federal Reserve announced it would raise its short-term benchmark rate for the first time in three years, financial analysts say. The Fed increased its target federal funds rate by a quarter of a percentage point Wednesday after it had been near zero. The central bank is expected to increase its rate six more times by the end of the year as it tries to tame the highest inflation in 40 years. Read More
Resources & services
Global & Luxury Summit - Denver | March 28 - 30
AREAA’s Global & Luxury Summit is coming to the Four Seasons in Denver, March 28-30. 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. 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
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 | Members Medicare Exchange
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).
After obtaining Original Medicare through the federal government, Medicare-eligible NAR members who wish to explore and enhance their coverage may use the exchange to learn about the variety of supplemental Medicare insurance options available, and easily obtain a quote and enroll.
In addition to the supplemental insurance options available, the exchange is also a resource center. It contains a variety of educational tools to assist NAR members in understanding Medicare overall and the supplemental options available.
Licensed benefit specialists are available by phone to answer questions.
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