DMAR Digest | Week of November 7
Must read
Don't forget to VOTE
We are proud to present our endorsements for the upcoming November ‘22 elections. Candidates were carefully vetted and endorsed based upon their understanding of real estate issues and support of our industry.
Please consider supporting the candidates and issues listed below and remember to turn in your ballot no later than 7:00 PM on Tuesday, November 8th.
If you have questions or would like more information, please contact Peter Wall, DMAR's Director of Government Affairs, at pwall@dmarealtors.com.
Skim this
Decline in U.S. Pending Home Sales Gathers Steam in September
U.S. pending-home sales fell 10.2% in September, which is the fourth straight monthly drop, according to the monthly index released Friday by the National Association of Realtors® (NAR). The decline was much larger that forecast. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 4%. Outside of the pandemic, the drop in pending home sales is the largest year-over-year decline since 2001. Sales dropped by 33.1% in April 2020. Read More
Pending Home Sales Plunge 31% From a Year Ago
The housing market is quickly contracting as rising mortgage rates and stubbornly high inflation prompts more home buyers—and even sellers—to back away. The National Association of Realtors®’ Pending Home Sales Index, a forward-looking indicator based on home contract signings, dropped for the fourth consecutive month in September, down 10.2% compared to August and a whopping 31% compared to a year earlier. Read More
Fed delivers another 75 bps rate hike
Amid a surprisingly strong U.S. economic performance and persistent inflation, the Federal Reserve on Wednesday raised the federal funds rate by another 75 basis points, to 3.75%-4%, launching it to the highest level since December 2007. The decision, expected by most Fed observers and the financial markets, is intended to further slow down the housing market. Read More
DMAR Real Estate Market Trends Report | NOV. '22
As the Denver market normalizes, active inventory declined slightly to 7,290 homes on the market at month’s end. However, this is an increase of 115.94 percent year-over-year. While this number reads as a jump, the current inventory is still less than the pre-pandemic inventory numbers of 8,557 active listings in October 2019. Read More
[INFOGRAPHIC] Market Trends Overview | NOV. '22
Download the November Market Trends Report infographic. This is a great resource to share with your clients and colleagues on social media, your website or via email or even print. Read More
Digging Deeper: October 2022 Records
October 2022 was yet another record-breaking month but only in two categories. In this report, the DMAR Market Trends Committee examined the various records broken last month. Read More
Housing Today Comes Down to These 4 Things | Guest Post
I want to break housing down into four buckets this month: supply, demand, affordability and credit availability. The housing sector is strong, well-funded and able to withstand short-term volatility. While critics continue to generate fear around instability, crisis, bubbles, foreclosures and more, our job as real estate professionals is simply to support reality with facts. Read More
Resources & services
24 Days of Membership Giveaway Rules
To show our appreciation for our members, and the countless programs and initiatives you’ve helped to create, we welcome the return of our annual 24 Days of Membership! Every day from November 1 through November 24, we'll highlight an aspect of the Association that we’re thankful for on our Facebook and Instagram pages. At the end of each week, we will be giving out prizes to those who participate, including reimbursement of local dues. Read Rules
DMAR Connect | October 2022 [Video]
Join us for our October Connect and get a head start on your 2023 marketing plan from two of the best in the business: Katelyn Castellano, Senior Vice President of Marketing for Engel & Völkers, and David Marine, Chief Marketing Officer for Coldwell Banker. Watch Here
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 | Williams Underwriting Group
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).
2023 Online Enrollment Is Now Available!
Williams Underwriting Group (WUG), a division of Assured Partners NL, LLC is pleased to announce that we will continue to provide real estate errors & omissions coverage in 2023 for Colorado licensees and Firms. For the past twenty-five years WUG has understood the importance of providing quality claims-made E&O to Colorado real estate licensees. For this reason, we have teamed up with a new insurance carrier for a policy underwritten by Continental Casualty Company, a CNA insurance company (rated "A” by A.M. Best).
WUG continues to be the exclusive real estate errors & omissions insurance provider for the Colorado Association of Realtors® (CAR) with additional benefits for CAR members.
