1. Dr. Steve Mooney Holder of the MN Chair in Real Estate St. Cloud State University

2. Residential Real Estate

3.  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. 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. 1 st Qtr 09 US $167,300 MSP $174,100 Both median sale prices down from one year ago. (US -15.6%, MSP -12.5%) 2 nd Qtr 09 US $174,100 (+4.1%) MSP $184,500 (+6.0%)

6.  Cleveland  Dallas  Boston  Minneapolis  LA  Phoenix  Detroit  New York  Composite 20 Cities  +9.8%  +6.5%  +2.6%  +3.5%  0.0%  -.2%  -1.2%  +1.4%

7. Commercial Real Estate

8.  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. 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. 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.  Appraisal- 21%  Development- 5%  Property Management- 17%  Mortgage Banking- 12%  Brokerage- 19% (14% C, 5% R)  Assessing- 11%

12.  Finance  Insurance  Real Estate  Largest number of majors in the HCOB  Other Depts. Include Accounting, Information Systems, Management, and Marketing  Micro Lending Project

13.  Mentor Banquet  MNCAR Scholarship and Others  NAIOP Project  BOMA Luncheon  RE Alumni Association Winter Banquet  Spring Tour  RE Alumni Golf Outing