DMAR Digest | Week of March 8
New Free Event for DMAR Members: Meet Your Industry Partner
As REALTORS®, building your network and a strong professional sphere is one of your most important tasks. Learning how to network effectively is another must. After all, networking is fundamental to the success of any real estate business. So, if you're looking to build your real estate connections and polish your networking skills join us Wednesday, March 17th from 9:00 AM to 10:00 AM for a meet-and-greet with DMAR Industry Partners (i.e. fellow real estate professionals including lenders, title reps, roofers, photographers and more!).
This is a great opportunity to connect with DMAR members, make connections, ask questions and build a professional team and business. PLUS, we'll have some Industry Partner sponsored prize drawings so you may snag some free swag and cool prizes. This is a free opportunity for DMAR REALTOR® and Industry Partner members. Please RSVP to reserve your spot.
Quote of the week
"Networking is a lot like nutrition and fitness: we know what to do, the hard part is making it a top priority."
Herminia Ibarra, Cuban Professor of Organizational Behaviour at London Business School
Each year we host our annual Excellence Awards to celebrate our inspiring and amazing honorees. And this year we are bringing it to you! Attend the first-ever virtual awards show to celebrate our winners across six different categories, hear from keynote speaker and #1 ranked real estate coach Tom Ferry, catch special moments and more! Register Here
There’s a lot of teamwork involved with buying a home, from the real estate agent to your loan officer, home inspector, title attorney and the rest of the crew. While the collaboration ensures you make a good purchase, it also makes for a complex and lengthy process. “Most of the ‘slow’ parts of the homebuying process are the human parts,” says Nobu Hata, chief executive officer at Denver Metro Association of REALTORS®. That’s why “good communication is key here.” Read More
“A lot of people are missing the best market now by waiting,” Kris Lindahl, CEO and founder of Kris Lindahl Real Estate in the Minneapolis area, told MarketWatch. Homeowners are finding themselves with more negotiating power as buyer demand remains high and housing inventories are slim. The supply of homes for sale is at a record low of 1.9 months. A six-month supply is considered a healthy balance between sellers and buyers. Read More
The underlying 2021 theme of this seller’s market is that buyer demand continues to stay hot, even as many buyers continue to be iced out in this fast-paced market. Download Report
Download the March Market Trends Report infographic. This is a great resource to share with your clients and colleagues on social media, your website or via email or even print. Read More
The average mortgage rate for a 30-year fixed loan rose 5 basis points last week to 3.02%, marking the first time since July that the industry has seen rates break above 3%, according to Freddie Mac’s Primary Mortgage Market Survey. Since reaching a low point in January, mortgage rates have risen by more than 30 basis points as the economy works to recover, and according to Sam Khater, Freddie Mac’s chief economist, the impact on purchase demand has been noticeable. Read More
It was fun while it lasted. In early February, we shared results of a study showing that rent prices in Denver were down substantially, even as such costs edged up in suburban areas. That downward trend appears to be over in the Mile High City, at least for now — and rents are still climbing in the suburbs. Read More
Interestingly, there is enough inventory to break records on sales. 62,985 homes in DMAR's 11 county area sold in 2020, for a record-breaking year, and another 3,641 sold in February, up 13.43 percent month-over-month and 3.70 percent year-over-year. It's a Days-on-Market issue, not solely an inventory one. Read More
February 2021 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month. Download Report
Commission Class Action Lawsuits Are Missing the Point | by Steve Murray The people bringing these real estate commission lawsuits don’t seem to understand the basic principles of the brokerage market. To understand how flawed the lawsuits that claim the commission that home sellers pay to real estate agents is unreasonably high and fraught with antitrust violations, we must look at the data. Read More
Resources & services
Ranging from 20 minutes to nearly two hours, our newest series brings you focused, topical videos you can watch anywhere, anytime. Each video features local and national experts covering topics such as consumer trends, marketing and business planning tips, setting expectations for buyers in a volatile market, proper client engagement, lead generation, content creation, tips for new agents and more. Watch Here
We see how much our members give back to the community and we want to show the world all the good you do! Tag DMAR on Facebook or Instagram and use #DMARvolunteers in your community service photos and posts so we can find and share them with our followers, too. We will get the word out on your good deeds so everyone can see how much our REALTORS® care about their community.
It's already a tough market and spring isn't even here yet. Let people know you're ready to help them in ways non-REALTORS® can't. This downloadable handout is a helpful tool to express what makes the REALTOR® brand so special. Read More
For our March DMAR Connect we're doing a deep dive into lead generation and marketing. Kenny Truong, the #FASTAGENT based out of Oakland, will share all of his pro tips, tricks and best practices for investing in your success through paid lead-gen. For our free lead generation perspective, we'll be joined by Shay Hata from Berkshire Hathaway HomeServices Chicago who earns $60 million a year in sales and spends zero dollars on lead-gen. Your business depends on maintaining a steady stream of incoming new prospective clients through lead generation and marketing so this is definitely a Connect you won't want to miss! Register 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 firstname.lastname@example.org. No strings attached - this is a FREE advertising opportunity!
Just for you
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