DMAR Digest | Week of February 28
100% Digital Earnest Money, Anytime, Anywhere (Brought to you by DMAR, powered by Earnnest)
- Be in control of the earnest money process.
- Request from anywhere, even your home office.
- Forget picking up checks or delivering receipts.
- Save time and effort with a streamlined experience for you and your clients.
What is Earnnest?
Earnnest is the largest digital earnest money service in the United States, allowing your homebuyers to deposit funds directly to an escrow holder. Connected to every bank across the nation, Earnnest saves you and your clients time, while replacing the hassle and risk of checks or wire transfers. Request payments from your homebuyers — at any time, from anywhere.
Start fast and easy with videos, materials, and common questions so you can learn how to use the power of digital earnest money.
Quote of the week
“You are in control of your priorities – you can erase old priorities and define new priorities at will.”
Isaiah Hankel, American author, CEO and Fortune 500 consultant
Strategies for Adapting to the New Lending Landscape in 2022 | Guest Post
The housing market is on a rollercoaster — and there's no end in sight. Amid a pandemic and economic crisis, Americans are buying homes at near-record rates. Millennials, tired of renting, are entering their mid-30s and starting families. Meanwhile, COVID-driven supply chain issues have decreased housing inventory tremendously. Low inventory leads to more intense bidding wars and deeply frustrated buyers, and now more than half of homes are selling for over the asking price. Read More
Pandemic Relief Assistance Still Available to Homeowners
Pandemic relief assistance is still available for homeowners who may be struggling to catch up on mortgage payments, utility bills, or other housing costs. Several states are beginning to distribute a new round of funds. States have access to $9.961 billion in federal funding as part of the Homeowner Assistance Fund intended to help homeowners recover from the impact of the pandemic. The program was established to support homeowners facing pandemic-related hardship such as job losses, a decline in income, or costs to care for an ill family member. Read More
Home Prices Increase at Fastest Rate in 34 Years in December, but Rising Mortgage Rates Remain a Threat
The S&P CoreLogic Case-Shiller 20-city price index posted an 18.6% year-over-year gain in December, up slightly from 18.3% the previous month. On a monthly basis, the index increased 1.5% between November and December. Meanwhile, the Case-Shiller national home price index demonstrated 18.8% growth between 2020 and 2021 in December, in line with November’s reading. “This is the highest calendar-year increase in 34 years of data, and substantially ahead of 2020’s 10.4% gain,” Craig J. Lazzara, managing director at S&P DJI, said in the Case-Shiller report. Read More
Homesites destroyed in the Marshall fire are going up for sale. Who will buy them?
On a ridge in Louisville with a stunning view of the Flatirons stood a six-bedroom, five-bath home, now reduced to a pile of ash by the Marshall fire, one of more than 1,000 homes in Louisville, Superior and unincorporated Boulder County destroyed on Dec. 30. The lot, rubble and all, went up for sale in early February, listed at $950,000. It’s the costliest of at least 10 burned homesites up for sale after the fire, and after the price was reduced to $799,000, it may already have an offer. Read More
U.S. Homeownership Rate Experiences Largest Annual Increase on Record, Though Black Homeownership Remains Lower Than a Decade Ago, NAR Analysis Finds
The U.S. homeownership rate climbed to 65.5% in 2020, up 1.3% from 2019 and the largest annual increase on record. More Americans are likely to own a home now than during any year following the Great Recession (65.4% homeownership rate in 2010); however, Black Americans continue to face significant obstacles along the path to homeownership, according to the National Association of Realtors®. Read More
Resources & services
Global & Luxury Summit - Denver | March 28 - 30
AREAA’s Global & Luxury Summit is coming to the Four Seasons in Denver, March 28-30. The Global & Luxury Summit is an AREAA signature event that brings together an exclusive group of top producers, luxury experts and global investors. Previously hosted in New York City, Beverly Hills, Miami and Seattle, we encourage you to take advantage of this special occasion in Denver. Read More
First-Time Homeowner Tax Guide (2022)
You did it! You secured a new home in the hottest seller’s market we’ve ever seen. Now what? Tax season is here and you’re wondering how this new purchase will change how you file. We’re here to help. Here are a few things to keep in mind as you head into your first tax season as a homeowner. Note, this article has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Read More
Five Things Realtors® Can Do for Black History Month
February is Black History Month, which is why now is the perfect time to talk about how we as real estate professionals can help fight racial injustice and support the Black community. It may sometimes seem impossible for one individual to make a meaningful change, but as Realtors® you are leaders in your community and that’s where change starts. Here are five things Realtors® can do to support the Black community. Read More
DMAR Staff is Here to Help
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Just for you
Three Tier Benefits | Realtor Team 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).
Receive 10% off your first order of Realtor®-logo branded products, including lapel pins, apparel, garments and more, including ‘That’s Who We R’ merchandise.Plus, custom branding services are available. Display your name, logo, brokerage and more to keep you top of mind with clients.
When you make your first purchase of $25 or more, enter the promo code NARmember in your shopping cart or at checkout to save 10%.