DMAR Digest | Week of April 6
COVID-19 updates
REALTOR® Resiliency Report
NAR released a new REALTOR® Resiliency Report, which describes the many ways NAR is working to guide and support REALTORS® and the real estate industry during the coronavirus (COVID-19) pandemic. Every week, you’ll find up-to-date, relevant information on how to ensure your health and safety, the virus’s impact on the economy and your business, its impact on NAR activities and what NAR is doing to help. Read More
Housing is in a “Medically Induced Coma”
As optimistic I am about the long-term future of our economy, the significant downturn and its effects will be felt throughout every industry throughout the short-term. The effects will be felt for the long-term in some industries, but I stand convinced the economy will race to normalcy once COVID-19 withdraws and we fully reopen the economy from social isolation. Read More
The new coronavirus outbreak changed the way REALTORS® did business in March and may have spooked some sellers
Virtual tours and videos replaced open houses. Buyers and sellers wore gloves and kept their distance — sometimes sitting in their cars — during closings. But close they did as homes kept selling during the first month of the new coronavirus outbreak, and prices in the Denver area kept going up. The Denver Metro Association of REALTORS® calculated the median price of a home at $446,500 in March, up 3.84 percent over February and 7.59 percent over March of 2019. Read More
Colorado Secretary of State's Office Implements Remote Notarization
“We are committed to maintaining important services for Coloradans during this national health crisis,” said Secretary of State Jena Griswold. "Remote notarization will enable Coloradans and businesses continued access to notary services while observing the social distancing guidelines that keep us all safe.” Read More
Coronavirus: SBA CARES Act FAQs
NAR’s Federal Advocacy team has been working closely with Congress and the Administration to ensure the interests of REALTORS® and their clients are protected in any federal action in response to COVID-19. Many REALTORS® are small businesses or work with them as clients. Read More
NAR Relaunches ‘Right Tools, Right Now’ to Help REALTORS® Face Coronavirus Impacts
Last week, the National Association of REALTORS® announced the return of its Right Tools, Right Now program, which makes numerous business-critical resources immediately available to all of the association’s 1.4 million members at reduced or no cost. Read More
Far from 'business as usual': How Denver's residential real estate sector is operating amid COVID-19 restrictions
"It's just critical business that needs to be conducted right now. REALTORS® shouldn't be going out and soliciting new business at this time. If somebody really needs to buy or sell, that's the client that needs our service right now". Read More
Coronavirus Risks Rife for Housing: What Does Spring Market Hold?
...chief economist of the National Association of REALTORS®, Lawrence Yun, believes that the peak of the housing market’s annual cycle is expected to be delayed, not canceled. Read More
April 9: Virtual Town Hall + COVID-19 Q&A
DMAR will be hosting a special live virtual town hall meeting* on April 9th from 2:00 PM to 3:30 PM featuring DMAR's Chairman of the Board along with two other members of our leadership team. They'll be addressing the ongoing coronavirus crisis, as well as answering member questions. If you'd like to submit a question, please email communications@dmarealtors.com. *We'll be sending the Zoom meeting link out soon for those interested in joining.
Must read
Denver-area homeowners are pulling listings off the market by the hundreds
Homeowners in the 11-county Denver metro pulled their properties off the market in droves as the coronavirus pandemic took root in Colorado during the second half of March, according to the latest market trends report from the Denver Metro Association of REALTORS®.The first two weeks of March had pointed to another banner month for Denver residential real estate, real estate experts said. But that momentum began to dissipate as the COVID-19 pandemic prompted businesses to close their doors and forced tens of thousands of Coloradans into unemployment. Read More
Quote of the week
“It’s your reaction to adversity, not adversity itself that determines how your life’s story will develop.”
Dieter F. Uchtdorf, German aviator
We're still here for you
DMAR offices are currently closed and classes and meetings have been canceled through April 30th. In the meantime, the DMAR staff is working remotely and still available to assist you by phone or email. 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.
DMAR Offering FREE Online Classes
Our PEAK program has a special treat just for you! We've added several online classes to our April calendar, all of which are complimentary. Choose from Warning Graphic Images: Knowing Market Trends, 2020 Annual Commission Update, NAR Code of Ethics or 2020 Contract Form Changes. *Please note, space is limited. Classes will be marked "Sold Out" as soon as they reach max capacity. Browse Classes
COVID-19 Updates and FAQs
We know many of you have questions regarding COVID-19 and how it will affect your business. To help answer some of these unknowns, we've put together a list of FAQs, which you can view here. If you have additional questions please email communications@dmarealtors.com and we will do our best to provide an answer for you. We are also continuing to updating out COVID-29 landing page to keep you up to speed on the Colorado coronavirus outbreak.
Follow us on Facebook for Updates and News
Now more than ever we are making it a top priority to continuously provide important updates and breaking news to our members. Be sure to follow us on Facebook, Twitter, LinkedIn and Instagram for trending news about COVID-19, the economy, our communities and our industry at-large.
Skim this
DMAR Real Estate Market Trends Report | APR. '20
Metro Denver’s real estate market started as one of the strongest on record in March but ended with a stark shift stemming from the coronavirus pandemic and ensuing stay-at-home order. Read More
[INFOGRAPHIC] Market Trends Overview | APR. '20
Download the April Market Trends Report infographic. This is a great resource to share with your clients and colleagues on social media, your website or via email or even print. Read More
REcolorado Full Export - All 400 Fields
There are 400 fields to utilize when exporting data from REcolorado. Our Market Trends Committee has compiled this list as a resource for you to keep. We recommend downloading or printing this PDF for future reference. Read More
Resources for tenants struggling to pay the rent
In Denver, the Northeast Denver Housing Center and Brothers Redevelopment Inc. administer the city’s Temporary Rental and Utility Assistance program. Renters facing a crisis such as an eviction notice or the loss of a job can apply to TRUA for grants that can help pay utilities or cover up to 80 percent of the rent. Read More
Infected but Feeling Fine: The Unwitting Coronavirus Spreaders
As many as 25 percent of people infected with the new coronavirus may not show symptoms, the director of the Centers for Disease Control and Prevention warns — a startlingly high number that complicates efforts to predict the pandemic’s course and strategies to mitigate its spread. Read More
Colorado Plans 12,000 Temporary Beds For Coronavirus Surge
Long rows of temporary hospital beds may soon rise in Colorado sports venues, convention centers or warehouses as the state prepares for a surge of COVID-19 patients. Read More
U.S. Foreclosure Activity in February 2020 Hits All-Time Low
ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its February 2020 U.S. Foreclosure Market Report, which shows there were a total of 48,004 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — the lowest number of total foreclosure filings recorded, since we began tracking in April 2005. Read More
Just for you
Three Tier Benefits | Free TeleHealthSM
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).
During this unprecedented time, the National Association of REALTORS® understands that access to health care options may be top of mind for members. Telemedicine is playing an essential role today as we navigate uncharted territory and the need for virtual healthcare.
NAR is supporting members by funding two months of Members TeleHealth as a benefit for those who do not currently have access to telemedicine, with an ongoing significantly-reduced rate available for members thereafter. Learn More
Enrollment is limited*
Sign-up by April 15th
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