DMAR Digest | Week of September 12
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Tune in for a FREE DMAR Connect: Celebrity, Luxury and Global Real Estate Market Shift Update
The market is experiencing industry-altering shifts that will affect us for the years to come. While these shifts are felt throughout all segments of the market, they are felt first at the extreme ends of the spectrum, specifically the luxury and global markets. If you work with luxury and international buyers - or want to - you'll need to have a deeper understanding of the latest market and consumer insights, lifestyle trends and economics to best assist these clients.
Join us on Zoom Friday, September 23rd at 9:00 AM for an exclusive update on the celebrity, luxury and global real estate markets with Evan Sage, top global real estate expert and Vice President of Sage Real Estate, and Rogers Healy, Realtor® for celebrities and athletes and Owner/CEO of The Rogers Healy Companies. They'll share how to market to high-end clients and offer value to them even as the market continues to shift.
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Apply to Attend Our Next Lunch with an Icon with Carmelo Paglialunga
Join us on October 19th at 11:00 AM for Lunch with an Icon featuring Carmelo Paglialunga, Owner/Broker of milehimodern, and a 2022 Excellence Awards winner. This is a unique opportunity to hear from one of the most successful individuals in the business, ask questions and network with other engaged Realtors®. If you are interested in attending this exclusive lunch, please complete the application by September 27th. Apply Now
Background, Credit Checks Are Fertile Ground for Lawsuits
To prevent liability, Rohde suggests asking for written consent before ordering background or credit checks. If these reports could lead to a negative outcome, such as the denial of employment or rental housing, provide the person with notice and an opportunity to review a copy of the information, he says. Also, have a system in place to properly dispose of collected background and credit reports. Read More
Mortgage Rates March Towards 6%, Reaching Highest Level Since 2008—but There Is Some Good News for Home Buyers
That’s up 23 basis points from the previous week—one basis point is equal to one-hundredth of a percentage point, or 1% of 1%. The rise in rates is bad news for prospective buyers, as it potentially adds hundreds of dollars to their mortgage payments. The median price of an existing home in the U.S. was $403,800, as of July, the National Association of Realtors® said. Read More
Expect more price corrections to the housing market
According to Black Knight, the impact of home price declines is twice as pronounced on tappable equity levels, which is defined as the amount a homeowner can borrow against while keeping a 20% equity stake. Read More
2022 DMAR Inaugural: It Starts With Us | September 21
Join us for an evening of celebration as we honor our outgoing Chair, Milford Adams, and welcome our 2022-2023 Board of Directors and incoming Chair, Jessica Reinhardt. Take in the stunning architectural elements and contemporary artwork at Space Gallery while enjoying dinner & drinks and mingling with fellow members and your incoming leadership. This is a great chance to learn what initiatives your Association will be working toward in the coming year. PLUS, this year's Inaugural will serve as the official kick-off event for our brand new social responsibility program: DMAR Gives. Register Here
Resources & services
Dues are Due! Renew by September 30th
The time has come for you to renew your membership with DMAR. We know you have a choice of which Association you belong to, and we want to say THANK YOU for choosing DMAR. We hope you will allow us to continue to serve you by renewing your membership today. Deadline to pay is September 30, 2022. Join/Renew Here
56 Safety Tips for Realtors®
September is Realtor® Safety Month. Real estate agents are listed as a high-risk occupation for a number of reasons. Be aware of these 56 safety tips and share them with your colleagues to stay safe on the job. Read More
Donate to DMAR Gives
DMAR Gives is our new social responsibility program that envisions a Denver Metro community in which everyone has access to stable housing, equality in the home buying process and support in achieving self-sufficiency in life. DMAR Gives works to provide funding to programs that improve the quality of life for Coloradans and create a path toward stable housing and homeownership, as well as provide housing-related disaster relief in the communities where our members live and work. Learn More
DMAR Real Estate Market Trends Report | SEP. '22
All major statistical categories point towards the market slowing down. Days in the MLS went up 120 percent since last year at this time, and the close-price-to-list-price ratio dropped below 100 percent for the first time since July 2020, to 99.41 percent. Meanwhile, the median sales price decreased 2.54 percent from the previous month. 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.
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Three Tier Benefits | Free Realtor® Safety Workshop at DMAR HQ
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).
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).
Your annual investment helps fund exclusive Realtor®-only benefits that streamline your business and save time and money for not only you but your clients as well. DMAR members have access to a wide array of benefits including real estate market data, affordable healthcare, educational opportunities, programs designed to help you succeed in today's market, networking opportunities and so much more.
Click Here to Download Your Benefits Flyer
