DMAR Digest | Week of August 22
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DMAR Connect: NEW Basics for Broker-Owners | August 26
The market is showing signs of stabilization and a return to something closer to our pre-pandemic "normal." So, what are the new basics you need to know? Join us and find out!
Our lineup of speakers includes:
- Steve Murray, co-founder and a current consultant for RealTrends
- Sharry Schmid, President of Edina Realty
- Jim Fischetti,VP of Learning and Development for NextHome, Inc.
They'll share their thoughts on agent attraction and retention, brokerage operations, agent education and more as the market adjusts to a new normal. If you are a broker-owner - or want to become one - this is a must-attend event for you!
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Latest Home Sales Data Points to ‘Housing Recession’
More signs are pointing to a housing slowdown as existing-home sales—completed transactions for single-family homes, townhomes, condos and co-ops—fell 5.9% month over month and 20% year over year, according to the National Association of REALTORS®’ latest housing report. “We’re witnessing a housing recession in terms of declining home sales and home building,” says NAR Chief Economist Lawrence Yun. “However, it’s not a recession in home prices. Inventory remains tight and prices continue to rise nationally, with nearly 40% of homes [on the market] still commanding the full list price.” Read More
Homebuilders are done until mortgage rates fall
Homebuilders are going to be done with single-family construction until mortgage rates fall. Housing completion data is still struggling to get some traction, but in the coming months, builders should be able to get more housing completions done while housing permits and starts for single-family homes are in decline. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse. Read More
"Extreme Bidding Wars" Predicted for Denver House Hunters
The average price of a detached home in metro Denver went down slightly last month, after a surprising jump in December 2021. But according to the latest report from the Denver Metro Association of Realtors, another decline will be ultra-unlikely in coming months. Because the number of homes available for sale in the area is at what's described as a "historic...low," DMAR predicts "the continuation of extreme bidding wars." Read More
Whoa! America’s Housing Market Just Hit a Speed Bump That Could Completely Change the Homebuying Game
“Last year’s compressed home sale timelines are lengthening,” notes Realtor.com® Chief Economist Danielle Hale in her analysis of the data. “For a third week in a row, homes are sitting on the market for a longer time than last year, and the gap has increased each week.” Indeed, previous weeks show time on the market inching up by one day for the week ending July 30, and by three days for the week ending Aug. 6. Read More
Mortgage Rates Settle In the 5% Range
Mortgage rates peaked at 6% in early June, which prompted a pullback in housing demand. However, “home sales may soon stabilize since mortgage rates have fallen to near 5%, thereby giving an additional boost of purchasing power to home buyers,” says Lawrence Yun, chief economist for the National Association of REALTORS®. Read More
Resources & services
Membership Dues Billing Starts Soon
In an effort for dues billing and collection to go as smoothly as possible, please make sure that DMAR has your current email address and contact info. If you need to update any of your information, you can fill out this form or email help@dmarealtors.com.
August is Member Appreciation Month
Throughout the month of August, we want to say THANK YOU for being a part of the DMAR family. We know you have a choice of which Association you belong to, and we thank you for choosing DMAR. Your annual investment helps fund exclusive Realtor®-only benefits that streamline your business and save time and money for you and your clients. As a token of our appreciation, we want to offer you special perks all month long! Read More
Donate to DMAR Gives
DMAR Gives is our new social responsibility program that envisions a Denver Metro community in which everyone has access to stable housing, equality in the home buying process and support in achieving self-sufficiency in life. DMAR Gives works to provide funding to programs that improve the quality of life for Coloradans and create a path toward stable housing and homeownership, as well as provide housing-related disaster relief in the communities where our members live and work. Learn More
Become a 2022 Inaugural Sponsor
One of our annual signature events, the DMAR Inaugural Installation is an evening of food, drinks and celebration. This is an exciting opportunity to get in front of DMAR leadership, members & industry influencers. By participating as a sponsor, you are demonstrating your corporate support for our Association, our Board of Directors and our incoming Chair. Read More
DMAR Real Estate Market Trends Report | AUG. '22
The data confirms that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced. Month-over-month, the market is down 3.33 percent but compared to last year, it is still up 11.04 percent, indicating that a more balanced market, combined with slightly decreasing interest rates, may create opportunity for those who previously felt burned out on the process. Read More
DMAR Staff is Here to Help
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.
Just for you
Three Tier Benefits | RElumio™
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).
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Use RElumio™ for your listing and unlock a comprehensive, powerful, digital marketing campaign. Experience RElumio™ for an introductory rate of only $19.99 per listing — a 50% savings off the normal rate!
RElumio™ Benefits:
- Listing Website. Your listing information transforms instantly into a beautiful website sure to impress your seller, complete with high-profile agent branding and ‘direct to you’ lead capture form.
- Social Videos. Your listing photos are automatically transformed into an eye-catching video. Perfect for sharing to social media — with a click of a button.
- Print-Ready Digital Flyers. Professional, beautifully designed and ready in real-time. Ideal for print, email or sharing to social media to make a powerful impression.
