Residential Real Estate SummitFriday, April 7, 20178:00 AM - 12:00 PM ProgramGolden Valley Country Club7001 Golden Valley, Golden Valley, Minnesota 55427
Minnesota Residential Housing UpdateDavid 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) South East Minnesota Housing UpdateKaren 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 MinnesotaResidential and Multifamily Financing Trends and OptionsModerator: Herb Tousley, University of St. ThomasMatthew O’Brien, Mortgage Banker, Summit MortgagePaul Basil, American Mortgage and Equity Consultants, Inc.Peter Smith, State Sales Manager, First American Title• 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 youHome Builders Roundtable DiscussionModerator: David Siegel, BATCArt Plante, John Arthur HomesMichael P. Ramme, Vice President, Land Acquisition, CalAtlantic HomesJohn Rask, M/I Homes of MinneapolisCharlie 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?Inventory shortagesRandy 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.
Residential Real Estate Summit
Friday, April 7, 2017 8:00 AM - 12:00 PMCentral Time
Golden Valley Country Club7001 Golden ValleyGolden Valley, Minnesota 55427USA
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