1 / 13

St. Cloud Area Economic Development Partnership and MNCAR 9.02.09

Dr. Steve Mooney Holder of the MN Chair in Real Estate St. Cloud State University. St. Cloud Area Economic Development Partnership and MNCAR 9.02.09. Residential Real Estate. 2 nd Quarter Residential Data. Number of sales of existing homes up over previous month in most regions

lawson
Download Presentation

St. Cloud Area Economic Development Partnership and MNCAR 9.02.09

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Dr. Steve Mooney Holder of the MN Chair in Real Estate St. Cloud State University St. Cloud Area Economic Development Partnership and MNCAR 9.02.09

  2. Residential Real Estate

  3. 2nd Quarter Residential Data • 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

  4. National Existing Home Sales 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

  5. Median Sale Price Existing SglFam 1st Qtr 09 US $167,300 MSP $174,100 Both median sale prices down from one year ago. (US -15.6%, MSP -12.5%) 2nd Qtr 09 US $174,100 (+4.1%) MSP $184,500 (+6.0%)

  6. Case-Shiller Home Price Index • 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%

  7. Commercial Real Estate

  8. NAR’s Commercial Leading Indicator • 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

  9. NAR’s Commercial Leading Indicator Quarter Ago Change 3-2007 -.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%

  10. The MN Chair in Real estate 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

  11. Where our R.E. majors go • Appraisal- 21% • Development- 5% • Property Management- 17% • Mortgage Banking- 12% • Brokerage- 19% (14% C, 5% R) • Assessing- 11%

  12. SCSU has a FIRE Dept.? • Finance • Insurance • Real Estate • Largest number of majors in the HCOB • Other Depts. Include Accounting, Information Systems, Management, and Marketing • Micro Lending Project

  13. Benies of the Real Estate Major • Mentor Banquet • MNCAR Scholarship and Others • NAIOP Project • BOMA Luncheon • RE Alumni Association Winter Banquet • Spring Tour • RE Alumni Golf Outing

More Related