Speaker-Chris Galler

Posted 
on Mar 01, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
(Craig Manson, Dave Oswald, Chris Galler)
 
 
Dave Oswald introduced our speaker Chris Galler, CEO of The Minnesota Association of Realtors.
 
Chris shared some of the quick facts from the 2014 Annual Report on the Minnesota Housing Market.
 
He mentioned that 2013 was a phenomenal year for home and lot sales due to the large inventory of distress properties in the marketplace. He also shared that buyers will likely see more homes for sale this spring, than this past winter, but buyers should be conscious of interest rates. 
 
He shared his concerns in the marketplace with the members of the Millennial generation, those in the 18-34 age range, who have been slow to enter the home buying market. Sidelined by high unemployment, student loan debts, and tight credit, Millennials have a different outlook on home ownership and long-term investment than previous generations.
 
For more information on the Minneapolis Area Association of Realtors visit, www.mplsrealtor.com.