DMAR Digest | Week of September 26
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The Best Time to Buy a Home is the Week of Sept. 25, According to Realtor.com®
As children return to school and the weather begins to cool, the off-season is offering up opportunities for hopeful homebuyers. Realtor.com analyzed the numbers in its fourth annual Best Time to Buy Report and found the best time to buy a home across the nation is the week of Sept. 25 to Oct. 1. This early-fall period will offer buyers a host of favorable factors, including more housing listings, less competition, and lower prices. Read More
2022 Builder Panel Luncheon | Hosted by BRC | Use code DMARMEMBER
Join fellow Denver Metro real estate professionals & local homebuilders for lunch and a panel discussion about current hot topics in Denver real estate and home building, such as labor shortages & supply chain challenges, educating your buyers, market demand/housing inventory and more. Read More
DMAR Gives Launch Video
The launch of our new social responsibility program, DMAR Gives, at the 2022 DMAR Inaugural was a great success! We raised over $1,500 to add to our funds - that makes a big difference for those who need our help. We also unveiled a new video to help explain why DMAR Gives is necessary. Take a look! Watch Now
2022 Inaugural Installation Press Release
DMAR has announced its newly-elected Chair of the Board, Jessica Reinhardt, and Board of Directors for the 2022-2023 term. The annual inaugural installation, sporting the theme “It Starts with Us,” took place on Sept. 21, 2022, in a private event at the Space Gallery. Read More
Top States with Counties Most Vulnerable to Housing Market Declines
In this post, we dig into the data behind the ATTOM Q2 2022 Special Housing Risk Report to reveal the other top states with the most counties vulnerable to housing market declines. Those states with the most at-risk counties among the top 50 most vulnerable include: California (13 counties); New Jersey (11 counties); Illinois (9 counties); New York (3 counties); and Colorado (3 counties). Read More
Mortgage rates might soar even higher
Mortgage rates have nearly doubled to around 6.5% from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Read More
U.S. Existing-Home Sales Fall for the Seventh Straight Month in August
Existing-home prices moderated. The median price for an existing home fell to $389,500, down from a peak of $413,800 reached in June. Home prices are still up 7.7% from August 2021, but that’s the smallest increase since June 2020. The number of homes on the market fell 1.5% to 1.28 million units in August. Read More
Housing Starts Rebound, Builders Aim to Win Buyers Back
Even as demand for new homes fizzles—about a quarter of homebuilders are reducing their prices to attract more buyers as foot traffic falls—single-family construction jumped 3.4% in August, the Commerce Department reported Tuesday. Economists are calling it a “surprising bounce back” after five consecutive months of declines. Read More
Resources & services
YPN Presents: Essential Mindsets and Skill Sets for a New Market | This Wednesday
Are you ready to unleash the power of mindset to become more successful? Join us for a special YPN Presents with Eric Thompson, Founder of The Leading Edge Academy. During this interactive session, you'll learn new mindset tools you can use to feel more motivated and on track so you can get the results you want. Plus, you'll walk away with the skills you need - including specific talking points you can use - to set realistic expectations with clients and guide them to make confident decisions. Free RSVP
Dues are Due! Renew by September 30th
The time has come for you to renew your membership with DMAR. We know you have a choice of which Association you belong to, and we want to say THANK YOU for choosing DMAR. We hope you will allow us to continue to serve you by renewing your membership today. Deadline to pay is September 30, 2022. Join/Renew Here
56 Safety Tips for Realtors®
September is Realtor® Safety Month. Real estate agents are listed as a high-risk occupation for a number of reasons. Be aware of these 56 safety tips and share them with your colleagues to stay safe on the job. 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
DMAR Real Estate Market Trends Report | SEP. '22
All major statistical categories point towards the market slowing down. Days in the MLS went up 120 percent since last year at this time, and the close-price-to-list-price ratio dropped below 100 percent for the first time since July 2020, to 99.41 percent. Meanwhile, the median sales price decreased 2.54 percent from the previous month. 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 | RentBase
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).
RentBase is an all-in-one renter and rental property platform that centralizes data, docs, landlords and property listings into one easy-to-use portal. Not only does it help agents and brokerages manage work today, but it also surfaces potential clients for business tomorrow, which will be crucial as the market dictates prolonged timeframes for renters to homebuyers.
Exclusive offer: DMAR members get 30 days FREE with this link: bit.ly/DMARrental.
