Residential Real Estate Summit

Summary

Residential Real Estate Summit
Friday, April 7, 2017
8:00 AM - 12:00 PM Program
Golden Valley Country Club
7001 Golden Valley, Golden Valley, Minnesota 55427

8:00 AM Minnesota Residential Housing Update
David Arbit,
MAAR
• What is driving our market
• Where is the growth & why
• Metrics: seller & buyer activity, Inventory and prices, days on the market, ratio of sales to list price, absorption rates and affordability
• Market Segments: Foreclosures/short sales, Single family/condo, New construction/previously owned and price points
• Areas: Minneapolis & St Paul and high performing areas (SW Minneapolis, Edina, St Louis Park, Plymouth, Apple Valley and Lakeville)
 
8:40 AM South East Minnesota Housing Update
Karen Becker,
SEMAR and SEMAR MLS
• Where is the growth & why in South Eastern Minnesota
• Metrics: seller & buyer activity, Inventory and prices, days on the market, ratio of sales to list price, absorption rates and affordability
• Market Segments: Foreclosures/short sales, Single family/condo, New construction/previously owned and price points
• Areas: South East Minnesota

9:20 AM Break

9:30 AM Home Builders Roundtable Discussion
Moderator: David Siegel,
BATC
Art Plante, John Arthur Homes
Michael P. Ramme, Vice President, Land Acquisition, CalAtlantic Homes
John Rask, M/I Homes of Minneapolis
Charlie Devine, OX Engineered Products
• Essentials in new home construction and design
• New home brokerage in today’s environment
• Negotiating incentive packages with agents and home buyer
• What marketing efforts are working?
• Are you building in previously unfinished developments?
• How does Minnesota stack up to the rest of the country?

10:20AM Residential and Multifamily Financing Trends and Options
Moderator: Herb Tousley,
University of St. Thomas
Matthew O’Brien, Mortgage Banker, Summit Mortgage
Paul Basil, American Mortgage and Equity Consultants, Inc.
Uriah I. Houg, Edgewater Title Group
• Typical structure of deals 
• Where are the rates and what is in store for us
• Lender parameters- what deals are moving 
• Evaluating mortgage alternatives 
• Taking advantage of the competitive lending climate and what this means for you

11:15 AM Inventory shortages
Randy M Bacchus, Edina Realty
• Assessing value to under $500k versus over $500k homes sold
• New constructions impact on existing exceptional property market ($500k+).  
• Baby boomer impact on housing rather than the often discussed millennial generation
• Potential solutions and opportunities that boomers can and will have in offering more inventory
• Opportunities in the current residential real estate market and new construction market.

12:00 PM Adjourn and Networking

 

Residential Real Estate Summit

Details

  • When

  • Friday, April 7, 2017
    8:00 AM - 12:00 PM
    Central Time

  • Where

  • Golden Valley Country Club
    7001 Golden Valley
    Golden Valley, Minnesota 55427
    USA

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