DMAR Digest | Week of January 25
Must read
Coffee Break with Euan Graham
No one could have prepared Euan Graham for his year as DMAR's Chair of the Board. Just five short months after being sworn in for his term, a global pandemic hit and let's just say, it threw quite a wrench into everyone's plans forcing Euan to navigate unchartered territory.
He certainly rose to the occasion, however, and showed the importance of leadership during challenging times. On top of navigating conversations with political leaders to help keep real estate categorized as essential during stay-at-home orders, Euan was also charged with another challenge: finding a replacement for Ann Turner, DMAR's CEO.
We sat down with Euan at his office to discuss his year as Chair, strategies for business planning, the advice he'd give to new agents, how his business was impacted by COVID-19 and more.
Quote of the week
“Some people dream of success, while other people get up every morning and make it happen.”
Wayne Huizenga, American businessman
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DMAR Connect | January 2021 Recording
At the first DMAR Connect of 2021, Steve Murray and Nobu Hata discussed the road ahead for our industry as we enter a new year. Topics included what we learned from 2020, the current landscape of brokerages, changes to the Model MLS Rules and Regulations as well as MLS Policy Statements. Watch Video
Home Builder Confidence Falls Amid Rising COVID-19 Cases, Higher Prices for Materials
The construction industry’s outlook worsened to start the New Year, according to research from a trade group released Wednesday. The National Association of Home Builders’ monthly confidence index dropped three points to a reading of 83 in January, the trade group said Wednesday. It was the second consecutive month that the index has dropped, though the reading still remains strong. Read More
Colorado renters doing better than most at paying the monthly bill
Colorado landlords did much better than landlords in other states when it came to collecting the full amount of rent last month, making it likely evictions here won’t be as severe as those elsewhere in the months to come, according to a survey from TurboTenant, a rental management software provider. Read More
Biden’s executive order will extend foreclosure moratorium
Following his inauguration on Wednesday, President Joe Biden revealed that he plans to sign 17 executive orders his first day in office, including a further extension of the eviction and foreclosure moratorium to at least March 31. Read More
Fannie, Freddie Tighten Rules for Condos in Vacation Locales
Getting a mortgage for a resort-area condo might become more difficult after Fannie Mae and Freddie Mac moved to tighten rules on buildings with many short-term rentals and hotel-like amenities, some REALTORS® and bankers say. Read More
Real Estate in 2021: Plenty of Reason for Optimism
The housing market was a spectacular surprise in 2020—and the positive trend will continue this year. Home sales in 2021 are expected to rise by around 10%. Home prices will also climb, but I expect more moderate increases than we’ve seen, a break for first-time buyers. Mortgage rates will continue to be favorable, staying at or near historic lows of 3% on average. The labor market will strengthen, especially as vaccines become widely available and life moves toward normal. 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.
2020: Year-End Review
We've put together a special report featuring commentary by former Chair of DMAR's Market Trends Committee, Steve Danyliw, as well as a 2021 Outlook in Denver Area written by Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of REALTORS®, and Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of REALTORS®. Read More
New Resource | The A to Z of Real Estate - Now with customizable PDF!
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 communications@dmarealtors.com.
No strings attached, this is a FREE advertising opportunity!
Just for you
Three Tier Benefits | LoLo – Relationship Marketing
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).
Grow with Gratitude - Stay in touch with your sphere of influence by showing them you care - send them the Gift of the Month with LoLo! Stay top of mind while providing something of value. Enroll clients and contacts into LoLo’s Local Gift of the Month and stay top-of-mind for less than $20/year per contact. (CAR members save up to 13%/year).
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