News

DMAR August Market Update: Market Trends Show Gradual Stabilization, Record-Setting Growth Streak Ends

Pointing at financial analysis graph on computer monitor with pen

The Denver Metro Association of REALTORS® (DMAR) August Real Estate Market Update shows encouraging rise in the number of new homes placed on the market last month. According to this report, July activity shows an increase in the number of new listings for single-family homes and condos, of 6% and 9% respectively, compared to prior month.

July brings relief to year-long inventory shortages in the metro-Denver real estate market.
With first-time homebuyers coming back into the market across the Denver metro area, competition in the market remains tight. Multiple offers, coupled with reports of metro-area home values hitting all-time highs month after month, cause many prospective sellers to hesitate listing their home, citing uncertainty in the fact that they will easily find a property to buy in return.

According to Rael, however, the Denver market is still strong and the strategy for both buyers and sellers to successfully navigate the market is simple:

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Elections: NAR Director Candidate Slate

Interested in becoming a NAR Director?

nar directorAs a member of the Board of Directors, you represent each of NAR’s members (over one million). This may be challenging because there are a multitude of viewpoints by the membership on various issues, but if you place the welfare of the Association first, the right decision will be made.

As a Director, it is your job to:

  • Know the issues of importance to your constituency and bring matters of concern to the attention of the Association.
  • Know the Issues of importance to the Association and report matters of concern or actions taken by the Association back to your constituency.
  • Participate in the meetings! The Association depends on the experience, knowledge, judgment, and spirit you bring to the Board of Directors.

realtor sm blueMembers can petition up until August 7, 2014 to be added to the slate.

NAR Candidate Petition 2014

 

The vote will take place at the Board of Directors meeting on August 21, 2014.


NAR Director Candidate Slate

Gary Bauer

Justin Knoll

Eric Mott


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Stocks surge and rumors blaze: Zillow is looking to swallow up the competition

Stocks are surging and the rumor mill is ablaze with the speculation that Zillow is looking to acquire Trulia as early as next week. As of Friday morning, Wall Street reports Zillow is up four percent and Trulia is trending in the same direction with a three percent hike.

Zillow-Trulia

According to an anonymous source, Bloomberg states that Zillow values Trulia at $2 million in cash and stocks, and that talks between the two online real estate giants are in motion.

“This has been rumored for a while and with the cross-ownership from Tiger Global Management and Caledonia some thought those investors would push for this,” said Bradley Safalow, founder and CEO of stock analysis firm PAA Research.

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Events

Upcoming DMAR Events | August 19

NETWORKING EVENTS AND EDUCATION

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Here is an updated calendar of upcoming networking events and education.


EDUCATION: Tech Tuesday | Video Marketing on Steroids

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WHEN: August 19 | 1:00 p.m. to 2:30 p.m.

WHERE: DMAR North Office | 13648 Orchard Parkway, Westminster CO 80023

WHY: This is a “how-to” class on incorporating videos into your business. We will cover WHY you should be using video, HOW to do video, WHERE to host them, how to PROMOTE them and WHAT equipment you will need.  Video remains THE MOST EFFECTIVE way to market yourself online.

 

REGISTER NOW

EDUCATION: 2014 Annual Commission Update

 

Annual-Commision-Update-300x300WHEN: August 20 | 9:00 a.m. to 1:00 p.m.

WHERE: DMAR North Office | 13648 Orchard Parkway, Westminster CO 80023

WHY: The Colorado Real Estate Commission requires all real estate licensees to complete a Commission Update course annually. The current 2014 Commission Update class will provide you with the latest informaton on legislation and regulations. 

 

REGISTER NOW

EDUCATION: HUD Training

hud-logoWHEN: August 21 | 1:00 p.m. to 4:00 p.m.

WHERE: DMAR Central Office | 4300 E. Warren Avenue, Denver CO 80222

WHY: This class will cover Effective Bidding and the HUD Homestore and HUD Contracts Today.

 

 

REGISTER NOW

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EVENT: DMAR Golf Tournament

WHEN: September 15 | 11:00 a.m. to 8:00 p.m.

WHERE: The Ranch Country Club | 11887 Tejon Street, Westminster CO 80234

WHY: This is one of DMAR’s favorite annual events; don’t miss it!!!

REGISTER NOW

 

 


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Membership

Thank you for being a member of the Denver Metro Association of REALTORS®. Your membership is a crucial part of what makes us a powerful community. With more than 5,000 members, DMAR's goal is to support you in your pursuit of success, and to passionately protect and advance the real estate industry. Read More »