DMAR Digest | Week of November 28
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Earnnest | How money moves in real estate
Convenient. Secure. Transparent.
Earnnest is the largest digital earnest money service in the United States, allowing your homebuyers to deposit funds directly to an escrow holder. Connected to every bank across the nation, Earnnest saves you and your clients time, while replacing the hassle and risk of checks or wire transfers. Request payments from your homebuyers — at any time, from anywhere.
Earnnest gives you the trustworthy, trackable digital payments you’ve been looking for. Other digital payment platforms may offer an improvement over your current system, but only Earnnest provides the good funds you and your clients need for successful transactions. That’s why Earnnest is the largest digital earnest money service in the U.S.
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NAR's Lawrence Yun Predicts US Home Prices Won't Experience Major Decline, Could Possibly Rise Slightly in 2023 if Mortgage Rates Remain at 7%
Amid the backdrop of high inflation, elevated mortgage rates and slowing sales activity, severely limited housing inventory will prevent large home price drops for most of the country next year, according to NAR Chief Economist Lawrence Yun. Read More
U.S. Existing Home Sales Retreat for a Record Ninth Straight Month in October
Existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.43 million in October, the National Association of Realtors® said Friday. Compared with October 2021, home sales were down 28.4%. Economists polled by the Wall Street Journal had expected a decrease to 4.37 million units. The level of sales is the lowest since December 2011 excluding the 2020 pandemic. Read More
Where to Focus Your Energy as Home Sales Keep Sliding
As home sales continue to slide, remember that the market isn’t as bad as it may seem and you can guide your customers through a downturn. With existing-home sales down 5.9% month over month in October—and a whopping 28.4% from a year earlier—according to the National Association of Realtors®, real estate pros are facing a slow winter season. Read More
Benefits of Building Your Dream Home During Uncertain Economic Times
As of mid-November 2022, the real estate market is “quiet.” Higher interest rates mean financing capital is more expensive, pending home sales are down, and active inventory is up, but it’s still lower than past years. Read More
Analysis From ATTOM Reveals How Grocery Store Locations Impact The U.S. Housing Market
Trader Joe’s leads the pack for homeowners, while ALDI wins among investors; Average home value near Trader Joe’s is $987,923, compared to $891,416 near Whole Foods and $321,116 near ALDI. Read More
Mortgage rates collapsed by 47 basis points. Is this a turning point?
Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market. Read More
Resources & services
12.7 | YPN Presents: Know Before You Owe
2022 is coming to an end and we all know what that means... tax season is coming! To help us all out, we’ve reached out to two experts from Lutz | Hoenig CPAs Accounting Firm who are here to help us ace our taxes (and avoid a costly audit). They'll share all the basics when it comes to taxes, things to avoid, how to maneuver common tax hurdles plus their end-of-the-year tax planning strategies and how you can apply these to your own business. If you want to have a smoother tax filing this year... don't miss this free workshop! Free RSVP
12.8 | Excellence Awards 101: Special Virtual Workshop
Are you ready to apply for the 2023 Excellence Awards? The guidelines have been updated this year and we want to make sure you and your office are in the know. Join us for a special one-hour virtual workshop where we'll go over all the do's and dont's of applying so you can make sure your application is accurate and won't end up in the disqualified pile. We'll review the guidelines and 2023 updates, the rules for submitting an application and the best ways to submit your production reports. The workshop will cover individual, partnership, team and office applications as well as special recognition awards. Free RSVP
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.
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Three Tier Benefits | DMAR Tech Resources
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).
Established in 2021 with the support of the National Association of Realtor®’s REACH Technology Accelerator, DMAR’s Reach Lab | Denver Property Technology Incubator’s mission is to discover and evaluate promising new tech companies from the Denver Metro region and beyond; develop these companies by connecting them to Realtor® members and industry influencers to hone their offerings and keep the Realtor® at the center of cutting edge technology and innovation.
It's time to get your marketing and business plan on track with a technology infusion!
