DMAR Digest | Week of January 18
2021 Economic Summit Recording + Decks
Weren't able to join us for the live event last week? We've got you covered. Click the button below to download all four speaker decks from:
- 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 Employing Broker at BSW Real Estate
Please note, the video recording does not include the presentation by Elliot Eisenberg, President & Chief Economist for GraphsandLaughs, LLC.
Quote of the week
“Even though we face the difficulties of today and tomorrow, I still have a dream.”
Martin Luther King Jr., American minister and civil rights activist
Agent tips to help ensure a smooth home inspection process | Guest Post
The home inspection is often a nerve-wracking and emotional time for both buyers and sellers. Because the inspection is often a necessary step in the transaction, you should embrace the process by taking some simple steps to ensure that the inspection goes as smoothly as possible. These steps will help you provide your clients with as much value as possible. Read More
2021 Most Powerful People In Residential Real Estate
The overall 2021 Leadership Rankings, the Power 200, ranks the most powerful leaders in the residential real estate brokerage industry as of December 31, 2020. To rank the leaders eight (8) different criteria were reviewed and can be seen here. Congratulations to the DMAR members who made the list! Read More
Denver’s 2020 Real Estate Market Saw an Unprecedented Number of Records Broken
If you’ve been following along at all this year, you probably already know that 2020 was a record-breaking year for Denver’s housing market. The 11-county metro area saw historic sales, unparalleled price increases, and months of low inventory, even as a global pandemic swept through the state. What can we say? Homeownership in Denver is just that desirable. Read More
Metro Denver housing market running out of gas, economists tell agents
Eisenberg compared the Denver-area housing market to a driver who was going 65 mph heading into the pandemic, slammed the brakes and slowed down to 25 mph during the lockdown and then accelerated hard, reaching 90 mph until the engine couldn’t go any faster. Read More
City and County Market Trends Reports | JAN. '21
Quick look at City and County Market Trends Reports featuring December data. These 48 downloadable reports are comprehensive and a fantastic member benefit. Download all the reports with one click below. Read More
U.S. mortgage executives forecast a $3T year in 2021
US mortgage volumes could top $3 trillion this year as rising competition among lenders and an activist Federal Reserve combine to put further downward pressure on borrowing rates, according to industry executives and analysts. Read More
New-year optimism reflected in mortgage applications jump
The jump underlines the seasonality behind last week’s decrease in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan. “Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. Read More
FHFA extends relaxed appraisal, lending standards
The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on Jan. 31, 2021, however, the government entity is now pushing that back to at least Feb. 28, 2021. Read More
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New Resource | The A to Z of Real Estate
Have you seen our new real estate glossary? This is the perfect way to help your clients understand all the real estate lingo that comes up during the buying and selling process. DMAR’s A to Z of real estate features over 130 terms and is a great tool for you to share with clients - especially those first-timers dreaming of homeownership in 2021! Download Here
Back by Popular Demand | Showing Supplies Basket
Our Showing Supplies Basket has been restocked! They include all the gear you need to conduct safe and clean showings including face masks, shoe covers, nitrile gloves, hand sanitizer and more. Shop Here
DMAR Connect: Powered by our Industry Partners
Join us for our February Connect featuring an important legal update from Scott Peterson, General Counsel for the Colorado Association of REALTORS®, and Katie Johnson, General Counsel and Chief Member Experience Officer for the National Association of REALTORS®, moderated by DMAR CEO, Nobu Hata. Our guests will discuss the Department of Justice's antitrust lawsuit against NAR and its impact on commissions, how COVID-19 affected real estate in 2020, what to expect in 2021 and more. Following the conversation, there will be a chance to present your listings to the group. This is a free event but space is limited. Please RSVP to reserve your spot. RSVP Here
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 email@example.com.
No strings attached, this is a FREE advertising opportunity!
Just for you
Three Tier Benefits | Taxbot
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).
Because you are a member of the Colorado Association of REALTORS® we would like to offer you a 14 Day Free Trial of Taxbot®. We feel confident that if you start using the Taxbot Mileage and Expenses Tracking app you will easily see how much it will benefit you and your business. Available for iOS and Android. Offer available only to first time Taxbot subscribers.