DMAR Digest | Week of May 16
Must read
FREE VIRTUAL EVENT: Simplify Your Social | May 20th
Social media marketing doesn't have to be complicated and overwhelming.
It can be daunting to navigate all the social media platforms and know which features you should be taking advantage of. To take the guesswork out of your own social media journey, we're turning to social media strategist Teah Hopper who's here to share all of her social smarts including what platforms you should be putting your effort into, how to create a content map, the importance of engagement and more.
Join us for this free virtual workshop and learn how to simplify your social media through a strategic approach.
Quote of the week
"If you cannot do great things, do small things in a great way."
Napoleon Hill, American best-selling author of Think and Grow Rich
Skim this
How High Will Interest Rates Go? Don't Let That Distract You | Guest Post
The housing market in Colorado is so hot it's starting to feel untouchable to potential homebuyers. There are multiple factors putting the market into overdrive: inventory is scarcer than it's ever been, mortgage loan interest rates are 2.5 percentage points higher than they were last year, and average home prices are setting new records. Read More
Lumber Prices Tumble to Lowest Level of 2022
The latest decrease in lumber prices comes when mortgage rates have risen to their highest levels since 2009 and the costs of buying a home are increasing. The quick increase in mortgage rates has been cited as lessening demand in the homebuilding market, which could be putting downward pressure on lumber prices, John Burns Real Estate Consulting says. Read More
Renters Facing Bidding Wars
Bidding wars have grown common in home sales, but now they’re part of the process of renting an apartment as well. As demand outstrips supply, renters are trying to outbid others to get the property they want. “Properties are definitely in short supply, and demand is high,” Bruce Ailion, a real state pro and attorney for Atlanta’s RE/MAX Town and Country, told realtor.com®. Read More
Mortgage applications rise despite higher rates
“Despite a slow start to this year’s spring home buying season, prospective buyers are showing some resiliency to higher rates. Purchase activity has now increased for two straight weeks,” Kan said in a statement. The refinance share of mortgage activity dropped to 32.4% of total applications, from last week’s 33.9%. “The rapid rise in mortgages rates continues to hit the refinance market, with activity 70 percent below a year ago. Most homeowners refinanced to lower rates in the past two years,” Kan added. Read More
Colorado’s median single-family home price hits $600,000 in April
Homeowners unable to cope with metro Denver’s rising home prices used to be able to look up and down the Front Range or in other areas of the state for a substitute, but affordable alternatives are getting harder to find. Read More
US housing market starts to shift from pandemic frenzy but not evenly across markets
With mortgage rates rising and home-price appreciation continuing, there may finally be enough forces to slow the pandemic-fueled booming housing market. Some markets and housing types actually saw positive growth in listings annually in April, including Riverside, California, which saw 23.3% growth; Austin, Texas, with growth of 16.5%; and Sacramento, California, an uptick of 11.8%. Read More
Real Estate Markets and Economy Are Headed Toward "a Post-Pandemic Normal"
George Ratiu, manager of economic research for Realtor.com®, discusses what's happening in housing, the job market, and more. Read More
2022 New Development Insider Sponsorship Opportunities
The New Development Insider Hosted by DMAR’s YPN is a showcase of new development from luxury condos to custom single-family homes (and everything in between). The event will be held in-person Thursday, June 23 from 9:00 AM to 1:00 PM at Empower Field at Mile High. Read More
Resources & services
City and County Market Trends Reports | MAY '22
Quick look at City and County Market Trends Reports featuring April data. These 48 downloadable reports are comprehensive and a fantastic member benefit. Download all the reports with one click below. Read More
FREE EVENT | Marketing Meeting + Rookie Rockstars (Take 2) | May 19
Last month we hosted a Rookie Rockstars panel that was such a big hit we are bringing it back again this month and this time we're making it a doubleheader! Join the North District for their weekly marketing meeting from 8:30 AM to 9:30 AM followed by a panel with three guests who all have something very special in common - they have each been awarded Rookie of the Year at DMAR's Excellence Awards. RSVP HERE
FREE EVENT | Meet + Mastermind: Social Media is Social Business | May 19
While social media can be a game-changing tool, it can be daunting trying to navigate all the platforms and know which features you should be taking advantage of. To take the guesswork out of your own social media journey, we're turning to social media strategist Teah Hopper who's joining us to share how you can simplify your social media through a strategic approach. Read 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 | Lenovo Notebooks, Tablets, Desktops & More
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).
Williams Underwriting Group A Division of AssuredPartners NL, LLC (WUG) is pleased to announce our continued relationship with the Colorado Association of Realtors®️ (CAR) under our Independent real estate E&O program. We have created a policy, through Zurich American Insurance Company (Zurich) which has an A.M. Best rating of A+ (Superior) designed to provide additional benefits for licensees who are also active members of CAR.
Provide NRDS # for Additional Coverage Endorsement at no additional premium.
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