DMAR Digest | Week of May 4

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

May 4, 2020

COVID-19 updates

Guidelines for Real Estate Showings in Denver and Boulder
Two important updates have been made regarding local orders. First, the City & County of Denver updated its guidelines regarding real estate showings. Second, Boulder County Public Health has also made changes on its website,  bouldercounty.org. Read More

Update Regarding Real Estate Showings in Broomfield
Phase two will begin May 9, at which time “Low Contact Personal Services” including real estate showings will be allowed. Read More

Message from DMAR: Update on Stay-at-Home Orders
At this time, we are encouraging our members to stay at home except when absolutely necessary, practice strict social distancing, limit face-to-face interaction and wear face masks when in public. Adhering to these guidelines will ensure your ability to provide the consumer with the safest, best-in-class service they’re so accustomed to receiving. Read More

Pending Home Sales Drop to Lowest Level Since 2011 as Coronavirus Takes Its Toll
While the coronavirus outbreak has not caused real-estate activity to stop entirely, it has put a major damper on what economists had anticipated would be a strong spring home-buying season thanks to low mortgage rates and pent-up demand among buyers. Read More

NAR Calls Sales Slowdown Temporary
Contract signings dropped in March as many housing markets paused as the coronavirus outbreak spread across the country. NAR's Pending Home Sales Index, a forward-looking indicator based on contract signings, dropped 20.8% in March compared to February. All four major regions of the U.S. saw a drop in contract activity last month. Read More

Nearly 10% of FHA and VA borrowers are in forbearance
According to those servicers, nearly 7% of the 38.3 million loans they service were in forbearance as of April 19, 2020. That’s an increase of more than one full percentage point from the previous week’s total of 5.95%. Read More

Your Guide to PUA Benefits
Millions of independent contractors and other self-employed individuals, including a large share of the nation’s 1.4 million REALTORS®, may now be eligible for unemployment benefits under the recently passed CARES Act. Read More

Federal Reserve waives limits on number of savings account withdrawals, transfers
The Federal Reserve is making it easier to get your money out of savings by temporarily waiving rules limiting the number of savings account withdrawals and transfers as the coronavirus pandemic creates financial strains for many households. Read More

Fed is slowing the pace of mortgage purchases
The Federal Reserve is slowing the pace of purchases in its program to buy Treasuries and mortgage-backed securities after concluding that its bond-market rescue worked, Fed Chairman Jerome Powell said on a conference call with reporters at the end of a two-day meeting on Wednesday. Read More

More Money For Smaller, Local Governments Could Come In Next Coronavirus Relief Package
House Speaker Nancy Pelosi on Wednesday revealed a bit of House Democrats’ plans when it comes to the next coronavirus relief package: more aid for state and local governments and more funding for smaller municipalities. Read More

After the Pandemic, Will Consumers Want Larger Housing?
Americans in many states, hunkered down from sheltering-in-place orders, may have started to feel cooped up. Space has never been more in demand. A survey of 1,300 homeowners conducted by realtor.com® and Toluna Insights found “small spaces” was the biggest gripe from owners about their homes during the pandemic. Read More

Must read

We've Added More Online Classes to the Calendar

(We've recently added several new virtual courses to our May class calendar, all of which are hosted through Zoom. These classes are being offered free of charge to DMAR members; however, please note that registration is limited. You will need to register for a class in advance. A Zoom link will be sent via email to all attendees 24-hours before the start of class.
 
May 6: 2020 Annual Commission Update | CE Credits: 4
May 7: Warning Graphic Images: Knowing Market Trends | CE Credits: 0
May 12: Building an Investment Empire | CE Credits: 0
May 14: 2020 Annual Commission Update | CE Credits: 4
May 19: NAR Code of Ethics | CE Credits: 4​

View Calendar

Quote of the week

“Be careful how you are talking to yourself because you are listening.”

Lisa M. Hayes, American editor and relationship coach

We're still here for you

DMAR offices may be closed but 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

Free Virtual YPN Connect May 13th
In lieu of our monthly YPN Connect, we're hosting a special Virtual Connect featuring Ken Schroeppel, the Director of Urban Design at the University of Colorado Denver. Ken will provide a sweeping perspective of cities from ancient times to today and discuss how issues like traffic, parking, bike/pedestrian/transit infrastructure, density, housing and public spaces are at the forefront of contemporary urban planning. Learn More

COVID-19 Updates and FAQs
We continue to update our COVID-19 landing page and FAQs to keep you up to speed on the Colorado coronavirus outbreak and its impact on our industry. If you have additional questions please email communications@dmarealtors.com and we will do our best to provide an answer for you. 

Follow us on Facebook for Updates and News 
Be sure to follow us on FacebookTwitterLinkedIn and Instagram for trending news about COVID-19, the economy, our communities and our industry at-large.

Online Classes 
While in-person classes are a no-go at the moment, you still have plenty of options when it comes to your education:

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DMAR Raises $9,654 for HomeAid Colorado
The Denver Metro Association of REALTORS® raised $9,654 during its 21-day challenge which ended April 28, 2020 to support HomeAid Colorado, a non-profit organization that works to fight homelessness in Colorado. Read More

NAR's First-Ever Virtual REALTORS® Legislative Meetings
At local, state, and national levels, NAR advances issues important to the real estate profession and the livelihood of REALTORS®. Register for our first-ever virtual #NARLegislative to join us in the fight to protect and defend the real estate industry. Register Here

Real Estate 2020: Questions Denver Buyers and Sellers Should Be Asking Right Now
Denver’s real estate market has been on a wild and heart-wrenching ride this year due to the COVID-19 outbreak. Don’t worry; we’re here to help you prepare for what might come next. Read More

Nominate a REALTOR®
Good Neighbor Award winners receive $10,000 grants for their charities, as well as national and local publicity for their cause. Winners will also be flown to the National Association of  REALTORS® annual conference where they will receive their award in front of thousands of fellow REALTORS®. Read More

4 Ways to Avoid Remorse When Buying a House Virtually
Since the spread of COVID-19, consumers are showing more willingness to purchase a home without stepping foot inside. Twenty-four percent of 1,300 consumers surveyed say they’d be willing to buy a home without seeing it in person. Read More

Just for you 

Three Tier Benefits | FedEx 

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).

FedEx, a proud participant in NAR's REALTOR Benefits® Program, is pleased to offer REALTORS® a variety of special discounts on FedEx® shipping solutions and FedEx Office® print and copy services.

NAR Members save on select services for both personal and business use including up to 26% on FedEx Express®, up to 12% on select FedEx Ground® services and up to 20% on select FedEx international services. The savings don’t end there! FedEx also offers the My FedEx Rewards program – simply connect your FedEx account to My FedEx Rewards so you can earn gift cards for your favorite restaurants, retailers and brand-name products. Learn More

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