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Gino Blefari is here to share the latest market update with all of us! In his latest video, Gino explains the tougher market we've been having, as well as his outlook on the supply and demand issue we've been facing.
Overall, median home prices rose, but inventory was lower than this time last year - as expected with this years supply and demand. The midwest region house prices rose to $198,000, but home sales declined by 4.5%.
Never fear though, this isn't a bad thing - as housing demand should remain the same. Meanwhile, employment and wages are up, allowing more people to start buying and selling again, leveling out the supply issue.
Additionally, the mortgage rates that jumped up at the end of 2018, have leveled out for the time being.
SLAR reports similar findings in their December Market Stats. You can view their full report at the link below.
Either way, I know you all can handle any of the challenges we face in these tougher markets! So keep up the good work team!
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With a new year, comes new tech, new features, and new tools!
Our awesome customer relationship management (CRM) and website provider, REWS, has now rolled out a great new feature - SmartCRM. When you add a listing into the MLS, your CRM will pull in that listing as it always has. However, now when this occurs, you will be prompted via email to send a "Just Listed" ecard to your contacts - automatically!
Additionally, this will happen if you have an upcoming open house or a price reduction, for client birthdays and more... all with just one click! This will help to spark interest in your listing as soon as it is created or updated in MLS. This feature is live NOW!
Also, coming soon, we have the rollout of a great new tool that will help to capture seller leads, win more listings, close deals quicker, and find buyers for listing. Hopefully by now you've heard about Buyside?!
We will be launching this new tool very soon, so expect to hear more about it in the next few weeks!
And finally, we have the newly remodeled Sharepoint site for Select University. The new site features easy access buttons for all of the files for our REmastery program, Tech Tuesdays, the Ninja Program, and the newly revamped REvision program (formerly known as REhab).
Additionally, our live education calendar is a quick and easy way to see all of our upcoming education courses at a glance, as well as sign up for them by simply clicking on the one you wish to register for.
You can check out the Select U site clicking on the link below.
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Helpful tips from HSA
I am excited to have a new section for MAV's Memo - sponsored by HSA!
Every couple of weeks, we will feature a common question or issue that our HSA team runs into, that can benefit consumers. The first message we'll be sharing is "HSA vs. Homeowners Insurance" and what the difference are between the two.
You can read the first post by Christy Cooper at the link below.
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Row 1 - Peggy and Winston (Julie Walton), Nero (Nate Carr), Gracie and Greta (Dawn Stephans)
Row 2 - Stella (MAV's Granddog), Mollie (Jill Fisher), Charlie (Josh Kelahan), Corbin (Nicki McCallister)
Row 3 - Bea and Edison (Brett Murray), Tessa (Debi Balek), Holly (MJ John), Colt (Lisa Platt)
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February 20th is National Love Your Pet Day! And we know that so many of you have four-legged friends, so we wanted to do a special social media dedication to all of the Select Properties Pets in our lives.
Feel free to post a picture of your pet(s) on social media using the hashtag #BHHSSelectPets or send in an email to marketing@bhhsselectstl.com so that on February 20th, we can share all the cute photos we've received!
Home office has a little bit of a head start, as you can see from the collage above! We can't wait to see all your furry friends!
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