DMAR Digest | Week of November 16
Economic Summit 2021: Early Bird Tix on Sale Now!
2020 was a year like no other – from a global pandemic, stay at home mandates and a record-breaking 40+ million people filing for unemployment, to the rise of deep racial and socioeconomic divides leading to months of protest and, on top of all of that, one of the most highly anticipated presidential elections possibly ever.
So, what does the road ahead for the U.S. economy look like? Join us and find out!
Our four experts will update us on the health of the housing market, real estate trends, interest rates, housing inventory, local and national economic forecasts and more. This is truly a must-attend event for all agents.
Attendees will receive 2 hours of CE credit as well as a recording of the program and decks from each speaker.
Quote of the week
"Learn as if you will live forever, live like you will die tomorrow."
Mahatma Gandhi, Indian lawyer, anti-colonial nationalist and political ethicist
U.S. Housing Market Takes a Breather But Stays Hot
“Between the presidential election [on Nov. 3] and a new wave of coronavirus cases, buyers and sellers had a lot of reasons to pause last week,” Danielle Hale, realtor.com’s chief economist, said in the report. Read More
Healthpeak Properties confirms its headquarters will move from California to Denver
Healthpeak Properties, a real estate investment trust based in Irvine, Calif., announced Tuesday in its third-quarter earnings report that it has chosen Denver over Nashville and Dallas for its new corporate headquarters. The relocation will start with 20 to 25 people moving next year and it will provide Colorado with a public company valued on the market at $15.3 billion. Read More
Who Won the Election This Year? REALTORS®
NAR supported 83 races nationwide, with 70 wins, six losses, and seven races still to be determined. “The results are we had a great election night,” McGahn said. Read More
Home Prices Rising at Slower Pace in Opportunity Zone Redevelopment Areas Than Nationwide
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 third-quarter 2020 special report analyzing qualified Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017 (see full methodology below). In this report, ATTOM looked at 1,737 zones with sufficient sales data to analyze, meaning they had at least five home sales in the third quarter of 2020. Read More
With Biden win, the future of forbearance and student loans
As of this writing, it looks like the Republicans will hold the Senate while the Democrats will have the White House and a majority of the House of Representatives. Assuming these results stick, I offer here some informed speculation regarding the effects these changes in government leadership will have on three critical issues in housing: mortgage forbearance, student loan debt, and GSE conservatorship. Read More
After the Wake-up Call: How real estate leaders are combating racial inequities—and how that's good for business.
Brokerages operating in racially diverse neighborhoods may have a tougher time meeting the real estate needs of local residents when most or all of their agents are white. That’s a reality some white brokers are focusing on as conversations about fair housing and the effects of systemic racism have gained traction this year. Read More
FHFA will continue to buy loans in forbearance through Dec. 31
The Federal Housing Finance Agency announced on Thursday that Fannie Mae and Freddie Mac will continue to buy qualified loans in forbearance, extending the temporary policy until Dec. 31, 2020 in order to continue its support of homeowners and mortgage lenders. Read More
Buyers favored bigger suburban homes during pandemic
The coronavirus pandemic pushed buyers toward larger and more expensive homes in the suburbs, as they try to accommodate more people under one roof, according to the 2020 Profile of Home Buyers and Sellers, an annual report released Wednesday by the National Association of REALTORS®. Read More
With historic interest rates, Denver vets race to refinance their homes
Denver-area veterans took advantage of U.S. Department of Veterans Affairs home loans in 2020 at more than double the volume in 2019, fueled by low interest rates and recent legislation that lifted some restrictions. Read More
We're still here for you
Showing Supplies Basket (Restocked)
Our popular Showing Supplies Basket has been restocked in all four DMAR offices. This includes the gear you need to conduct safe and clean showings including 10 face masks, 10 pairs of shoe covers, 10 pairs of nitrile gloves, hand sanitizer, one laminated "Please Sanitize Your Hands Before Entering" sign and one laminated "This Home Has Been Thoroughly Cleaned and Sanitized" sign. Shop Here
Coffee Break with Scott Webber
We had a chance to talk with Scott Webber, CEO, Employing Broker of LIV Sotheby's International Realty, about his career, his thoughts on the Denver market and how life has changed since the pandemic. Read More
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
Industry Partner Spotlight
Industry Partner Members: Step into the Spotlight!
To be featured, please submit a brief elevator pitch (roughly 100-150 words) highlighting your business and what services you provide. Please note, this should not be a bio. We are looking for what makes you and/or your business unique.
Please send your pitch along with your name, company name, contact info and a URL link (if desired) to firstname.lastname@example.org.
No strings attached, this is a FREE advertising opportunity!
Just for you
Three Tier Benefits | GE Appliances Store
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).
NAR Member Exclusive! Exceptional savings on GE Appliances’ full line of high-quality home appliances to fit every budget and style. Browse refrigerators, freezers, beverage centers, icemakers, ranges, wall ovens, cooktops, washers and dryers, water filters and more. In-home delivery, installation, and haul-away services are also offered, where available.
Bonus Savings! Be the first to know about current promotions by opting-in to receive emails during peak savings times such as Black Friday events, holiday promotions and more!