DMAR Digest | Week of October 19
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Coming Soon Period Returning to Seven Days
Update: The extension to the Coming Soon period will end on November 2, 2020. Listings may remain in Coming Soon status for up to 7 days.
To allow brokers to test the uncertain market conditions surrounding the COVID-19 pandemic, the Coming Soon period was temporarily extended from 7 days to 14 days with the intent that it would be reverted as market conditions improved. Now that the housing market has stabilized, and inventory is low, the extension will be removed effective November 2, 2020.
When you submit a listing as Coming Soon, you can select an Activation Date within 7 days to help input listings at your pace. If no date is entered, the Activation Date will automatically be set to seven days from when the listing is first submitted to Coming Soon status. The listing will automatically move to Active status on the Activation Date, unless you choose to make it Active before the Coming Soon period ends.
If you have any questions about this change or how it could affect your listing, contact support@REcolorado.com.
Quote of the week
“Focus on the core problem your business solves and put out lots of content and enthusiasm and ideas about how to solve that problem.”
"I believe that drudgery and clock-watching are a terrible betrayal of that universal, inborn entrepreneurial spirit.”
Richard Branson,
English business magnate, investor, author and philanthropist
Skim this
As Hispanic Heritage Month Draws to Close, NAR Launches 'NAR en Español' Website
The National Association of REALTORS® today launched NAR en Español, a fully-Spanish sub site to the Association’s main webpage, nar.realtor. As its Spanish-speaking membership continues to rise at a historic pace, the group’s NAR en Español initiative has since 2018 helped local and global members leverage their REALTOR® affiliation while facilitating various networking and educational resources for Spanish-speaking REALTORS®. Read More
Luxury home sales rise 41.5%, making biggest jump since 2013
While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%. “The luxury housing market normally takes a hit during recessions as wealthy Americans tighten their purse strings, but this isn’t a normal recession,” Redfin Chief Economist Daryl Fairweather said in the report. Read More
See the top Denver-area luxury homes that sold in a record-setting Q3 (Photos)
There were 336 closings in the luxury segment in September, a 72.43% increase year over year, according to the latest market trends report from Denver Metro Association of REALTORS® analyzing the 11-county metro area. Read More
City and County Market Trends Reports | OCT. '20
Quick look at City and County Market Trends Reports featuring September data. These 48 downloadable reports are comprehensive and a fantastic member benefit. Download all the reports with one click below. Read More
SBA Announces Easier PPP Loan Forgiveness Process
The U.S. Small Business Administration on Thursday announced a new, simplified forgiveness application for Paycheck Protection Program loans of $50,000 or less. Under the revised process, forgiveness for these smaller loans now requires less documentation and fewer calculations than the previous process did. Read More
RPAC Minute for October 2020
In this RPAC Minute, Cameron Hill and Liz Peetz discuss the upcoming election and discuss ballot guides from CAR and the Common Sense Institute. Watch Here
NAR Fair Housing Assets
NAR is committed to making housing fair for all. And yet, many don’t realize the broad scope of NAR’s Code of Ethics and its commitment against all forms of discrimination in housing. As a champion for Fair Housing, help amplify this message by leveraging these materials. Or download the Photofy app to easily personalize pre-loaded campaign content with your photo, logo or contact information and share to your social media accounts. Read More
Coronavirus cases in Denver are reaching rates not seen since spring, when the pandemic started
Mayor Michael Hancock on Monday warned coronavirus cases in Denver are growing and have reached levels not seen since the spring, which could lead to more restrictions for local businesses if the trend continues. Read More
U.S. News & World Report Unveils the 2020-2021 Best Places to Live, Best Places to Retire Rankings
Boulder, CO debuted on the Best Places to Live list ranking at No. 1, while Denver, CO held at No. 2, and Austin, TX fell from the top spot to No. 3. On Best Places to Retire, Florida metro areas took a majority (13) of the top 25 rankings and swept the top three: Sarasota moved up a spot to No. 1, followed by Fort Myers at No. 2, and Port St. Lucie landed at No. 3. 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.
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
Online REALTOR® Store
We are now offering contactless 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. Learn More
Just for you
Three Tier Benefits | American Home Shield
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).
Enjoy a $50 discount off the first-year purchase of the following home warranty plans for your own home or any other residential property you may own.
- ShieldComplete℠ Offers the most comprehensive coverage, including the items in ShieldEssential and ShieldPlus combined, and some additional home items (like garage door openers and doorbells)
- ShieldPlus℠ Covers items included in the ShieldEssential Plan, plus many other common, major household appliances
- ShieldEssential℠ Covers components of the most critical home systems that are often the most expensive to repair and replace (heating, air conditioning, plumbing and more)
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