DMAR Digest | Week of June 29
Check out the featured content, get the scoop with top news stories from the blog, mark your calendar for upcoming events & classes and catch up with the most buzz-worthy social posts from your Association.
NEW EVENT | Focus on the Future: A Look at the Changing Landscape of Brokerages
The real estate brokerage model as we know it is facing change in more ways than one. Emerging business models are implementing new strategies and technologies to provide more information to consumers than ever before. Some online database companies are even finding ways to bypass the concept of an agent altogether... On top of all of that, we are in the midst of a global pandemic that has forced us to change the way we do business.
Amid all this change and noise, how do you stay relevant not just now but in the future, too? Join us and find out!
- Nobu Hata, Incoming CEO of the Denver Metro Association of REALTORS® and the former Director, Industry Outreach and Engagement Strategy for the National Association of REALTORS®
- Steve Murray, Editor and President of REAL Trends
- Scott Peterson, General Counsel for the Colorado Association of REALTORS®
- Jon Goodman, Real Estate Attorney at Frascona, Joiner, Goodman and Greenstein P.C.
Quote of the week
“Here is the simple but powerful rule… always give people more than they expect to get.”
Nelson Boswell, American author
REALTORS® Conference & Expo Will Go Virtual
The 2020 REALTORS® Conference & Expo, originally scheduled for Nov. 13–16 in New Orleans, will transition to a fully virtual format given the ongoing health and safety concerns related to the COVID-19 pandemic. Read More
Commentary: How to Increase African-American Homeownership
Before the pandemic, America faced a housing shortage of around 5 to 6 million homes due to multiple years of underproduction of new homes. Now, in the middle of 2020, the housing shortage has intensified. Consequently, home prices will be pushed higher thereby making ownership opportunities for first-time buyers more difficult. More homes need to be built. Read More
Home Affordability Increasing for Average Workers Across Majority of U.S. in Second Quarter of 2020
Despite the improved buying conditions, major costs on median-priced homes remain unaffordable to average wage earners in 74 percent of counties included in the second quarter of 2020 analysis. That means major homeownership costs would consume more than 28 percent of average wages from county to county. Read More
Mortgage Rates Keep Falling to Record Lows—So Is Now a Good Time to Refinance?
The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean now is a good time to refinance for everyone. Last week, Freddie Mac reported that mortgage rates hit a new record low for the fourth time this year, with the average rate on a 30-year fixed-rate mortgage dropping to 3.13%. Read More
Mortgage forbearances rise after three weeks of decline
There were 4.68 million homeowners with forbearance plans this week, meaning their mortgage payments are temporarily suspended, up 79,000 from the prior week, Black Knight said. The total represents 8.8% of all active mortgages, up from 8.7%, the report said. Read More
We're still here for you
DMAR-Wide Virtual Connect Meetings
Join us on the second and fourth Thursday of every month for a DMAR-Wide Virtual Connect Meeting. No matter which District you belong to everyone is invited to join us and connect! View Calendar
Visit Our Online REALTOR® Store
We are now offering curbside pick-up (by appointment only) for all REALTOR® Store purchases. Please view our inventory online and then call one of our four locations to place an order. We will take payment over the phone and schedule a time for you to pick-up your order. We have also restocked our Showing Supplies Baskets. Get them before they're gone! Learn More
The Denver Metro Association of REALTORS® has publicly pledged to do its part in the fight for racial equality and is committed to supporting its black members, colleagues, neighbors and clients. In an effort to help provide education and resources, we have put together a diversity portal. This is by no means an exhaustive list, but it’s a good place to start. Learn More
Just for you
Three Tier Benefits | Williams Underwriting Group
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).
Real Estate E&O Insurance. Quality Insurance Products & Superior Program Management. Provide NRDS # for Additional Coverage Endorsement at no additional premium.