st. cloud area economic development partnership and mncar 9.02.09

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