dr. steve mooney holder of the mn chair in real estate st. cloud state university
TRANSCRIPT
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Dr. Steve MooneyHolder of the MN Chair in Real EstateSt. Cloud State University
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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
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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
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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%)
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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%
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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
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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%
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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
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Appraisal- 21%Development- 5%Property Management- 17%Mortgage Banking- 12%Brokerage- 19% (14% C, 5% R)Assessing- 11%
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Finance Insurance Real EstateLargest number of majors in the
HCOBOther Depts. Include Accounting,
Information Systems, Management, and Marketing
Micro Lending Project
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Mentor BanquetMNCAR Scholarship and OthersNAIOP ProjectBOMA LuncheonRE Alumni Association Winter
BanquetSpring TourRE Alumni Golf Outing