DMAR Digest | Week of August 1
Must read
Donate to DMAR Gives. Donate to Good.
Our new social responsibility program, DMAR Gives, envisions a Denver Metro community in which everyone has access to stable housing, equality in the homebuying process and support in achieving self-sufficiency in life.
When you donate to DMAR Gives, the funding you provide will be awarded 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.
DMAR Gives has already reached $100,000 in seed funding and donated $7,500 to the CAR Foundation's Boulder County Fire Relief Fund and $7,500 to the Community Foundation of Boulder County for a total of $15,000 for victims of the Marshall fire.
The more we raise, the more we can help people when and where they need it most.
Skim this
New home sales make it clear: Housing is in a recession
Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. What I have always tried to do with my economic work is to connect the dots or show a pathway to why something could happen. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. However, for the new home sales sector, it would put their business model at risk. Read More
Talking Points to Calm Consumers’ Housing Bubble Fears
Housing dynamics remain strong, even as the double-digit price appreciation we’ve become accustomed to begins to slow. NAR predicts the pace of price appreciation to moderate to about 5% or 6% by the end of the year. Let’s Talk About It. You may hear comments from clients like: “I’m worried about buying. This is a housing bubble.” Here are some tips and talking points to consider. Read More
Pending Home Sales Tumble as More Buyers Get Priced Out
Pending home sales fell in June as surging mortgage rates and record-high home prices are making home buyers more cautious in moving forward. The median existing-home price hit an all-time high in June ($416,000). Homes were 80% more expensive in June than they were in 2019, the National Association of Realtors® reports. Nearly a quarter of home buyers who purchased a home three years ago would be unable to qualify to buy a median-priced home at today’s elevated prices, NAR reports. Read More
Mortgage Rates Fall to 5.3%, Continuing Volatile Stretch
Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market. The average rate on a 30-year fixed-rate mortgage dropped to 5.3%, mortgage-finance giant Freddie Mac said Thursday. That is down from 5.54% last week and below the 13-year high of 5.81% recorded in June. At the beginning of the year, rates on America’s most common home loan hovered around 3.2%. Read More
Become a 2022 Inaugural Sponsor
One of our annual signature events, the DMAR Inaugural Installation is an evening of food, drinks and celebration. This is an exciting opportunity to get in front of DMAR leadership, members & industry influencers. By participating as a sponsor, you are demonstrating your corporate support for our Association, our Board of Directors and our incoming Chair. Read More
Resources & services
Membership Dues Billing Starts Soon
In an effort for dues billing and collection to go as smoothly as possible, please make sure that DMAR has your current email address and contact info. If you need to update any of your information, you can fill out this form or email help@dmarealtors.com.
August is Member Appreciation Month
Throughout the month of August, we want to say THANK YOU for being a part of the DMAR family. We know you have a choice of which Association you belong to, and we thank you for choosing DMAR. Your annual investment helps fund exclusive Realtor®-only benefits that streamline your business and save time and money for you and your clients. As a token of our appreciation, we want to offer you special perks all month long! Read More
2022 Forecast: Midyear Update
We've put together a special 2022 housing market forecast midyear update featuring commentary by former Chair of DMAR's Market Trends Committee, Steve Danyliw, as well as Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors®, and Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors®. Read More
Download our new app for FREE
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®. Learn 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
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 | Back At You
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).
Back At You Is All You Need.
An exclusive NAR SocialBAY Starter Plan, to make it simple and affordable for you to get started. Plus, member savings on additional products and enterprise plans for brokers.
Whether you’re looking for automated marketing that saves you time and keeps you top of mind, a CRM and website that impresses clients and keeps them engaged, or a back-office that perfectly handles every aspect of every deal, Back At You is all you need. Excel with a powerful all-in-one system, or select your must-have tools from Back At You’s SocialBAY, ClientBAY and FinancialBAY!
Back At You provides Realtors® with a SocialBAY that's simple to use and customized to your marketing needs. Simply choose your level of automation, and Back At You does the rest: promoting you and your listings on today’s most popular social networks including Facebook, Instagram, LinkedIn and more.
