dr. steve mooney holder of the mn chair in real estate st. cloud state university
TRANSCRIPT
Dr. Steve MooneyHolder of the MN Chair in Real EstateSt. Cloud State University
Number of sales of existing homes up over previous month in most regions
Number of sales of existing homes up over previous year in all regions
Next 2 slides all NAR Data
Number of Homes Sold
May 09; 447,000 Jun 09; 521,000 Jul 09; 532,000
Number of Mos. Supply
May 09; 9.8 Jun 09; 9.4 July 09; 9.4
1st Qtr 09US $167,300
MSP $174,100
Both median sale prices down from one year ago. (US -15.6%, MSP -12.5%)
2nd Qtr 09US $174,100
(+4.1%)
MSP $184,500 (+6.0%)
Cleveland Dallas Boston Minneapolis LA Phoenix Detroit New York Composite 20
Cities
+9.8% +6.5% +2.6% +3.5% 0.0% -.2% -.2% -1.2% +1.4%
Industrial Prod. REIT Price Index NCREIF Return PI – TP Financial Jobs Prof. Bus. Serv.
Jobs Temporary Jobs
Wholesale Trd. Jobs
Ini’l Unemp Claims Mfr Dur Goods
Ship Wholesale Mer
Sales Retail Sales +
Food Service
Quarter Ago Change3-2007 -.5%4-2007 0.0%1-2008 -.8%2-2008 -.9%3-2008 -2.0%4-2008 -6.0%1-2009 -5.1%2-2009 -1.3%
Year Ago Change+.1%-.3%-1.2%-2.2%-3.6%-9.4%-13.3%-13.7%
Responsibilities:• Maintain curriculum• Interact with professional community• Attract scholarship $$• Advise real estate majors• Advise student Real Estate Association• Interact with Real Estate Alumni
Assoc.• Conduct real estate research
Appraisal- 21%Development- 5%Property Management- 17%Mortgage Banking- 12%Brokerage- 19% (14% C, 5% R)Assessing- 11%
Finance Insurance Real EstateLargest number of majors in the
HCOBOther Depts. Include Accounting,
Information Systems, Management, and Marketing
Micro Lending Project
Mentor BanquetMNCAR Scholarship and OthersNAIOP ProjectBOMA LuncheonRE Alumni Association Winter
BanquetSpring TourRE Alumni Golf Outing