DMAR Digest | Week of October 31
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24 Days of Membership Giveaway is Coming!
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, DMAR will 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 your local dues.
To enter into the weekly drawings all you have to do is follow, react, comment and/or share these posts. Each action will count as one entry, so leaving a comment and sharing the post will count as two entries on that post.
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DMAR's 2022 Election Endorsements
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. Read More
Renting vs. Buying in the Current Market | Guest Post
The real estate market has long been an indicator and reflection of larger market trends. In 2022, this has shown to be truer than ever. Starting the year with some of the lowest mortgage rates we’ve seen in years, resulting in a seller’s market. Since there were not enough houses to meet the demand as remote work spiked, new homeownership finally began to be driven by Millennials and Gen Zers. When this, combined with a booming jobs market that recovered all the jobs lost during the pandemic, inflation soared. Read More
Mortgage Rates Surpass 7%, Freddie Mac Says—’Leading to Greater Stagnation in the Housing Market’
High mortgage rates continue to pressure the housing market, as the sector undergoes a deep slow down after two years of blockbuster growth. The 30-year fixed-rate mortgage averaged 7.08% as of Oct. 27, according to data released by Freddie Mac on Thursday. The 30-year was last at this level in 2002. Read More
What Happens When Mortgage Rates Break 7%?
Mortgage rates remained just shy of 7% this week—the 30-year fixed rate loan is at 6.94%—which could be a “new normal” after recent rapid increases in borrowing costs, says Nadia Evangelou, senior economist and director of forecasting for the National Association of Realtors®. Mortgage rates have been hovering near 7% for the last month. Read More
U.S. New Home Sales Retreat in September, Partially Reversing Surprising Gain in Prior Month
U.S. new home sales fell 10.9% to a seasonally-adjusted annual rate of 603,000 in September, from a revised 677,000 in the prior month, the Commerce Department reported Tuesday. The decline reverses a big gain in August, where new home sales jumped 24.7% from 543,000. Analysts polled by the Wall Street Journal had forecast new home sales to come in at 593,000 in September. Read More
FHFA to replace Classic FICO with more inclusive credit model
The Federal Housing Finance Agency (FHFA) on Monday announced that it is replacing the Classic FICO credit model, which Fannie Mae and Freddie Mac have relied on for nearly 20 years, for the FICO 10T and VantageScore 4.0. “They will provide more accurate credit scores, and we believe the market, including investors, will be provided with an improved understanding of risk from not just one but two different credit score models,” Sandra Thompson, the FHFA’s director, said during the Mortgage Bankers Association (MBA) Annual Conference in Nashville. Read More
Resources & services
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The Many Faces of a First-Time Homebuyer [Halloween Graphic]
First-time homebuyers can expect a rollercoaster of emotions throughout the process. We've highlighted 10 moments most first-time homebuyers will experience. This festive client-friendly content can be shared on your social media channels just in time for Halloween! Read More
The Tricks and Treats of Buying Real Estate [Halloween Graphic]
Happy Halloween! We're sharing our top Tricks (tips) and Treats (benefits) of buying real estate. Share this graphic on your social media to encourage more buyers to enter your pipeline (with a festive flair!) Read More
Tomorrow | Realtor® Toolbelt
The market is shifting. Now is the time to curate a comprehensive, top-notch real estate network so you can position yourself as the one place your clients go for all things real estate from recommendations for stagers, photographers and roofers to builders, interior designers and everything in between. DMAR's Realtor® Toolbelt is a FREE vendor expo so you can learn what services DMAR Industry Partners can offer you - and your clients. Tickets Here
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 | Arcadia Publishing
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).
Exclusive Member Benefit: Arcadia will provide your brokerage with your own publication, totally on brand and as if you wrote it yourself. It will include all the information you want to provide to your clients about you and your company, best practice advice, tips on buying procedure, funding and house staging. It is totally free of charge and can be with you within 12-14 weeks.
Use promo code NARAP1 to take advantage of this exclusive offer.
