DMAR Digest | Week of November 30
Must read
Economic Summit 2021: LAST CALL FOR EARLY BIRD TIX
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 the speakers.
Speaker Lineup:
- Elliot Eisenberg, President & Chief Economist for GraphsandLaughs, LLC
- Patty Silverstein, President & Chief Economist of Development Research Partners
- Kelly Brough, President & CEO of the Denver Metro Chamber of Commerce
- Andrew Abrams, Chair of DMAR’s Market Trends Committee and Broker/Owner at A-Squared Real Estate
- Nicole Rueth, Producing Branch Manager at Fairway Independent Mortgage Corporation
EARLY BIRD TICKETS END TONIGHT AT 11:59 PM
(get 'em before prices go up)
Quote of the week
"How you look at it is pretty much how you’ll see it."
Rasheed Ogunlaru, British Life Coach, Author and Speaker
Skim this
What’s it like to shop for a home in “the toughest market to buy a house in Denver metro history”?
After a year renting a 500-square-foot, garden-level apartment in Highland, Kimmy and JJ Strat wanted something bigger, and they wanted to buy. That was in 2018. “We were just a little bit discouraged at what we could afford,” JJ said. The Strats stayed put and saved. But when they were ready to look again this summer, it wasn’t exactly the best timing. Read More
‘Essential Service’ Battle Is Back
Concerns in the real estate industry are mounting as more states move toward tougher coronavirus restrictions—including lockdowns in New Mexico and Oregon. As COVID-19 cases surge to a record high nationwide, at issue is whether states will deem real estate an essential service if they reinstitute mandatory stay-at-home orders. Read More
Open Houses Permitted Under Level Red Restrictions
Per an update from the Colorado Association of REALTORS® General Counsel, Scott Peterson, open houses are permitted as part of the new restrictions in the 15 counties (Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Jefferson, La Plata, Logan, Mesa, Morgan, Routt, Summit and Washington) that have moved to a Level Red classification as of today, November 20. Please note: if conducting an open house, only one household is permitted in the property at a time. Read More
Invest in RPAC to Win $1,500
Help us reach our 2020 RPAC goal and have a chance to win $1,500. By investing just $25 today, you will automatically be entered to win a $1,500 cash prize. Plus, you’ll receive additional entries for every $25 you invest (i.e. a $100 investment gets you four entries). Read More
City and County Market Trends Reports | NOV. '20
Quick look at City and County Market Trends Reports featuring October data. These 48 downloadable reports are comprehensive and a fantastic member benefit. Download all the reports with one click below. Read More
Existing-Home Sales Soar Despite Record-Low Inventory
Total existing-home sales increased 4.3% from September to a seasonally-adjusted annual rate of 6.85 million, the National Association of REALTORS® reported Thursday. Compared with a year ago, home sales were up roughly 27%. It was the highest level of home sales in 15 years. Read More
The housing market is hot, but not in a bubble
Existing home sales came in at a whopping 6,850,000, beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% year over year. We have done a lot running around with the existing home sales data to be up just 2.4% year to date. Read More
We're still here for you
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.
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
DMAR Connect Powered by YPN - Know Before You Owe (FREE EVENT)
As a REALTOR®, you need to be aware of the benefits - and some of the pitfalls - of independent contractor status, especially as they apply to your taxes. Our speakers, Josh Hansen and Alexander Sammells, CPAs from SC & Hansen, will help you discover the most common items available for you to write-off, the best ways to maximize your return and how to best file your taxes to avoid a costly audit.
Free RSVP
Panel Discussion | Continuing the Conversation (FREE EVENT)
It's time to walk the talk. If you are ready to dismantle established systems and processes and replace them with equitable structures then join the conversation! DMAR’s Community Alliance Committee (CAC) will be hosting a free virtual panel discussion on diversity, equity and inclusion led by Derek Camunez, Broker/Manager of RE/MAX Avenues and Chair of the CAC. Our panelists will weigh in on how to transition to a culture of inclusion and equity, how to not only begin equity work but sustain it too, how to change your business model to be more inclusive and how to incorporate racial justice and equity in your decision-making. Free RSVP
Industry Partner Spotlight
Carol Cheh, Premier Members Credit Union
With historically low interest rates, it’s a great time to purchase a new home, second home or investment property, or refinance to a lower rate to get some cash out for home improvement or debt consolidation.
Premier Members Credit Union is committed to our membership and serves our local communities with a full range of financial services and products. We are currently offering $3,000 lender credit towards new, conventional purchase loans.
We offer conventional loans, jumbo loans, FHA loans and CHFA loans. Down payment assistance is offered through FHA and CHFA if you qualify.
Please call or email me for a loan consultation to help you select the best program and rate for your mortgage needs.
Just for you
Three Tier Benefits | New Agent Kit
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).
Are you new to the real estate game? The new agent kit can help you build your brand, maximize your listing’s online exposure and connect with some of the most serious buyers and sellers online. Get quality real estate buyer leads in your local market, combined with software that can help you capture, communicate and connect.
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