DMAR Digest | Week of May 2
Must read
Realtor® Toolbelt | The Vendor Expo You've Been Waiting For
Join us for a vendor expo and learn what services DMAR Industry Partners can offer you - and your clients. This is your chance to build your real estate connections with everyone from lenders, roofers and interior designers to builders, stagers, photographers and everyone in between. Prizes will be given away while attendees enjoy breakfast (plus bloody marys and mimosas), mingle and grow their contact list with some of the best in the business!
Be sure to bring lots and lots of business cards to pass out. This is a fantastic networking opportunity. Plus, this event is FREE for DMAR Realtor® members.
Are you an Industry Partner member? To become a sponsor or reserve a booth, please contact sponsorship@dmarealtors.com or click HERE for more information.
Quote of the week
"The currency of real networking is not greed but generosity."
Keith Ferrazzi, American author and entrepreneur
Skim this
Painted Prairie Builder Tour | Hosted by YPN
Come take a tour of one of the top master-planned communities in the state: Painted Prairie. We'll kick off with refreshments and networking at High Prairie Park followed by a presentation from Painted Prairie before we head to tour the model homes in golf carts. Attendees will have the chance to win some pretty awesome raffle prizes including a gift card to the Gaylord Rockies Resort & Convention Center and tickets to the New Development Insider in June. Read More
Is a Calmer Market Coming?
The housing market is showing some early signs of normalizing. Contract signings dropped in March, the fifth consecutive month that pending home sales have fallen, the National Association of Realtors® reported Wednesday. The Northeast was the only major region of the U.S. that saw a monthly increase in contract signings. All other regions dropped. Read More
‘Buyers of a Median-Price Home Are Looking at a Monthly Mortgage Payment That Is Almost 50% Higher Than It Was a Year Ago.’ The 30-Year Mortgage Rate Dips Slightly to 5.1%
The 30-year fixed-rate mortgage averaged 5.1% for the week ending April 28, according to data released by Freddie Mac on Thursday. That’s down one basis point from the previous week—one basis point is equal to one-hundredth of a percentage point, or 1% of 1%. Last week was the first time that mortgage rates had surpassed 5% since 2011. A year, the average rate on the 30-year home loan was below 3%. Read More
‘The Spring Housing Market Is Off to an Unpredictable Start’: Pending Home Sales Fall Amid Rising Mortgage Rates
Pending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors®. The index measures transactions where the contract has been signed for an existing-home sale, but the sale has not yet closed. This makes the index a strong indicator for the direction of existing-home sales in subsequent months. Read More
CFPB to use “dormant” Dodd-Frank power to regulate “risky” nonbanks
The Consumer Financial Protection Bureau (CFPB) plans to revive “dormant” Dodd-Frank Act powers that would allow the watchdog to conduct supervisory exams on nonbanks or any “fintech” it believes is risky. “Given the rapid growth of consumer offerings by nonbanks, the CFPB is now utilizing a dormant authority to hold nonbanks to the same standards that banks are held to,” said CFPB Director Rohit Chopra in a statement. “This authority gives us critical agility to move as quickly as the market, allowing us to conduct examinations of financial companies posing risks to consumers and stop harm before it spreads.” Read More
Resources & services
Digging Deeper: Year-to-Date Zip Code Report
Year to date, the median close price of 80215 (Applewood) properties has increased a staggering 59.6%! Meanwhile, the median price of 80220 (South Park Hill) properties has actually decreased, but only by 4.3%. It's all about locality. See what else the data shows in the latest report. 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
Share You Community Service Efforts Using #DMARvolunteers
Are you doing good in the community? We want to hear about it! When you share your volunteer work on social media, use #DMARvolunteers so we can share it on our platform too. We want to help you get the word out about how you're giving back.
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 | The DMAR Home Kit [New App]
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).
Download our new app for free! iOs or Android
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®.
Features:
- Enjoy exclusive offers and deals
- Access, download and share local market updates for 48 cities and counties across the Denver metro area
- Connect with trusted real estate professionals, request a booking and save your favorites
- Send referrals to clients and colleagues
- Stay up-to-date with the latest real estate news
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