January 2012 – Annual CCIM Outlook Conference was a huge success.
More than 240 CCIM members and colleagues attended the 2012 Outlook Conference from the real estate, banking, appraisal, construction, insurance and mortgage industries.
The event featured a keynote address given by Lawrence Yun, Ph.D., along with seven local experts covering real estate topics such as industrial, retail, investment, capital markets, office, and a Florida legislative update.
Dr. Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors (NAR) delivered a compelling commentary on global and South Florida real estate market trends.
His talk was of interest to the audience because it specifically addressed social and economic factors affecting commercial real estate. Many leading economic indicators point to a real estate recovery as interest rates are at an all-time low and cash reserves of corporations are high. According to Dr. Yun, “As the economy recovers real estate will serve the role as an inflation hedge as an alternative to investments such as gold.”
Dr. Yun also addressed South Florida real estate markets which he said “will benefit from wealthy baby boomers moving into Sunbelt states such as Florida looking to purchase retirement homes in the best locations.” He went on to explain that these purchasers will not want to be in outlying areas. Rather, they will seek A+ locations. Dr. Yun explained that population during the recession was a net zero to Florida; however, population influx will continue at from 200,000 to 300,000 people per year, with many coming to our region.
The Outlook Conference is an annual event. Local Miami-Dade / Monroe Chapter CCIM Board of Directors meetings are the first Friday of each month. Click here for more information on future events.