The First Annual Delaware Real Estate Summit, hosted by the Delaware Association of REALTORS®, brought together industry leaders, legislators, and the public to discuss the current commercial, industrial, residential, and resort real estate markets throughout the State of Delaware as well as such issues as infrastructure and housing affordability initiatives. If you missed the event, no worries. A recording of the entire event, as well as individual presentation slides, can be accessed below.


Welcome
Wesley T. Stefanick, Chief Executive Officer, Delaware Association of REALTORS®

State of the State
Lt. Governor Bethany Hall-Long

State of Residential Real Estate in Delaware
DAR President Dr. Susan N. Giove; New Castle County Board of REALTORS® President Chuck Lax; Kent County Association of REALTORS® President Steve Schmidt; and Sussex County Association of REALTORS® President George Thomasson

National Economic Forecast
Dr. Lawrence Yun, Chief Economist, National Association of REALTORS®

Housing Affordability
Sean O’Neill, Policy Scientist, Institute for Public Administration
Dr. Stephen Metreaux, Director, Center for Community Research and Service at the University of Delaware

State of Commercial & Industrial Real Estate in Delaware
Jay White, President, Commercial & Industrial Realty Council

State of Residential and Commercial Construction Trends
Justin Olear, Regal Builders
Mike Riemann, Becker Morgan Group

Delaware in the Global Landscape
Kurt Foreman, President & Chief Executive Officer, Delaware Prosperity Partnership 

Climate Impacts on Delaware Transportation Infrastructure
Jim Pappas, Director, DelDOT’s Division of Transportation Resilience & Sustainability

Closing Comments

2022 Summit Sponsors

Premier sponsor

Session Sponsors

Meet Our 2022 Presenters

Dr. Lawrence Yun

CHIEF ECONOMIST, NATIONAL ASSOCIATION OF REALTORS®

Dr. Yun is responsible for a wide range of research activity including NAR’s Existing Home Sales statistics, Affordability Index, and Home Buyers and Sellers Profile Report. He participates in many economic forecasting panels, among them the Blue Chip Council and the Wall Street Journal Forecasting Survey. He also participates in the Industrial Economists Discussion Group at the Joint Center for Housing Studies of Harvard University. He appears regularly on financial news outlets including CSPAN’s Washington Journal, and has testified before Congress. He earned his undergraduate degree from Purdue University and doctorate from the University of Maryland at College Park.

Sean O’Neill

AICP, Policy Scientist, Institute for Public Administration, Joseph R. Biden, Jr. School of Public Policy and Administration

Sean has over 15 years of experience in planning and zoning, community development, real estate market research, and economic development at the state, county, and municipal government levels as well as in the private sector. He currently serves as project manager on community planning and economic development initiatives, including DelDOT projects relating to statewide infrastructure and future impacts.

Dr. Stephen Metreaux

Associate Professor and Director, Center for Community Research and Service, University of Delaware

Dr. Stephen Metreaux is a recognized expert on housing and homelessness, and has pioneered using administrative and survey data to assess housing outcomes, services used across systems, and impacts of housing and services interventions among homeless and formerly homeless households

Jay White

President, Commercial & Industrial Realty Council

Jay White is President of Apex Realty Advisory, which he founded in 2009. He has 30 years of real estate valuation, advisory and consulting experience with local and national firms. Jay has served as Vice President and Program Committee Chair Commercial & Industrial Realty Council, and elected to a two-year term beginning July 2021.

Justin O’Lear

Vice President of Operations and Construction, Regal Builders

Justin oversees the day-to-day operations of all residential development and construction for Regal Builders. Justin earned a bachelor’s degree in Architectural Studies & Construction, and a master’s in Construction Management from Philadelphia University. Justin currently serves as President of the Builders and Remodelers Association of Delaware and is a member of Urban Land Institute’s Lifestyle Residential Development Council and of the National Association of Home Builders 55+ Housing Industry Council.

J. Michael Riemann

P.E., Principal, Becker Morgan Group

Mike began as a high school intern at Becker Morgan Group, and stayed with the company throughout this college career, earning a bachelor’s in civil engineering at the University of Delaware. He became a Principal in the firm in 2018. His expertise spans numerous market sectors, and he specializes in navigating clients through approval processes. He is actively involved in professional and civic organizations, including Home Builders Association and the Downtown Dover Rotary

Kurt Foreman

President & CEO, Delaware Prosperity Partnership (DPP)

Kurt’s experience includes serving in various senior roles in economic development groups throughout the U.S. and as a site selection consultant. He also has worked as an executive recruiter with a leading global executive search firm supporting senior level searches across many sectors. Foreman received his bachelor’s degree at Franklin & Marshall College and his master’s from Wake Forest University.

Jim Pappas, PE

MBADirector, DelDOT Division of Transportation Resilience & Sustainability

Jim has worked for Delaware Department of Transportation for over 30 years. The majority of his service has been in pavement and materials engineering. He served as Assistant Director of Performance Management and Deputy Director of Operations and Support prior to his current position. Jim earned a bachelor’s in civil engineering from the University of Delaware and MBA with a concentration in environmental sustainability from Wilmington University.

Questions?