DMAR Digest | Week of January 31
Must read
Chili Cook-Off for a Cause | February 3
It's the return of the annual Chili Cook-Off and this time we're cooking for a good cause - to help those impacted by the Marshall Fire in Boulder County! Contestants are preparing four categories of chili (red, green, white or vegetarian) and our panel of judges will award the top contenders, plus there'll be awards for people's choice winners.
This is a free event but we encourage you to bring a monetary donation for victims of the recent Marshall Fire.
Quote of the week
"To handle yourself, use your head; to handle others, use your heart."
Eleanor Roosevelt, American political figure, diplomat and activist
Skim this
Report: Lack of For-Sale Inventory Drives Rents Higher
Rental demand surged in 2021, partly because many higher-income households turned to renting after unsuccessful searches in the for-sale market, according to America’s Rental Housing 2022, a report released by the Harvard Joint Center for Housing Studies. Those households have driven nearly 70% of total renter growth over the past decade. The growing number of amenity-rich rentals in desirable locations is attracting higher-income renters but affecting availability, the report says. Read More
Fewer Buyers Waiving Contingencies
Home shoppers are showing less willingness to waive appraisals, home inspections, or other contract contingencies during the purchase of a home compared with just a few months ago, according to the December 2021 Realtors®' Confidence Index Survey, a survey of Realtor® transactions conducted by the National Association of Realtors®. Read More
FOMC indicates taper end in March, rate hike soon
For the mortgage industry, the announcements of a rate hike and the end of the pandemic-era asset purchasing policy signals heightened pressure on mortgage-backed securities and higher rates on loans in 2022. Mortgage rates are already above 3.5% for a typical 30-year mortgage, and trade group the Mortgage Bankers Association has forecast mortgage rates to climb to 4% by the end of the year. Read More
Last Summer's Breakneck Pace of Home-Price Growth May Finally Ease as Mortgage Rates Rise
The S&P CoreLogic Case-Shiller 20-city price index posted an 18.3% year-over-year gain in November, down slightly from 18.5% the previous month. On a monthly basis, the index increased 0.9% between October and November. Meanwhile, the Case-Shiller national home price index demonstrated 18.8% growth between 2020 and 2021 in November, also down from the prior month. Read More
Rising Rates May Spark Buying Spree
The fear of missing out, or “FOMO” as it’s called on social media, could prove to be a strong motivation for potential home buyers to enter the market quickly as mortgage rates rise. The potential loss of homebuying power may “supercharge the housing market ahead of the spring homebuying season,” says Mark Fleming, chief economist at First American Financial Corp., in a recent analysis. Read More
Resources & services
NAR Financial Wellness 2022 Tax Summit
Taxes don’t have to be scary! Learn about new government regulations and receive tips on how to improve your personal wealth by spotting opportunities in your tax return, what to do if the IRS comes knocking, and more. Register to attend NAR’s Center for Financial Wellness Tax Summit four-part series event: Learn More
The Road Ahead | Free Virtual Event on Febrary 11
2021 was another hot year for the U.S. housing market. Home prices skyrocketed and sales reached the highest level in 15 years, over six million homes were sold nationwide, tech companies stopped and started iBuying, disrupters became Realtors® and brokerages, consolidation and mergers continued - without a doubt, the industry was on a wild ride last year. So, what should we expect as we head into the new year? Join us and find out! Steve Murray, President of REAL Trends, and DMAR's CEO, Nobu Hata, will discuss what we learned in 2021, the current landscape of brokerages and what trends to watch in 2022. Read More
Industry Partner Insider | Free Event on February 8
We know you choose to belong to DMAR and we see your annual membership dues as a great investment in your career. But if you aren't taking advantage of everything we offer... you're missing out! Join us for an exclusive Industry Partner Insider to hear tips on how to get the best bang for your buck when it comes to your DMAR membership from DMAR CEO Nobu Hata. We'll be covering everything you need to know to maximize your membership, attract top agent business and stand out from the noise as an Industry Partner. 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.
Just for you
Three Tier Benefits | ReferralExchange
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).
New Lead Verification Service
Manage your leads so you can focus on pursuing your best opportunities. LIVE by ReferralExchange uses licensed experts who validate your leads (from any source, such as your website, open house sign-in sheets, social media, realtor.com®, Facebook and more) and connect you with potential clients who are ready to transact, in real time.
Exclusive member benefit: NAR members receive exclusive savings and custom benefits on LIVE by ReferralExchange. LIVE (Lead Information Verification Engine) is a monthly subscription service that provides licensed real estate agents who act as an extension of your brand to validate leads you provide from your form sources and connect you with potential clients who are ready to transact, in real time.
Plus! Additional limited time savings: ReferralExchange has gone above and beyond and through NAR’s Right Tools, Right Now initiative, is offering an additional $350+ savings off the standard one-time set-up. Member savings is now over $900 in the first year.
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