With the start of a new year, the market in South Florida and the Miami metro area is expected to out-perform its 2016 market. According to Miami Herald, home prices have continued to steadily rise (6.5 percent) in Miami-Dade, Broward, and Palm Beach counties since October 2015. The strong population growth and increase in the job market, as seen through new job creation, makes this area a prime location for home sales and new purchases. A majority of development in Miami is focused on international investors and second homeowners seeking vacation properties, with neighboring areas such as Palm Beach are more attractive to those seeking retirement as oppose to the millennial generation. Chief economist at Realtor.com stated that buyers 35 years of age and under accounted for 29 percent of purchases in South Florida, as oppose to the national percentage of 38 percent.
Charles Weaver, Dania Beach, FL
Charles Weaver has been an appraiser for 15 years, and began his career during the real estate boom of 2002. In 2002 local realtors expressed the need for both an increased quantity and quality of appraisers in the Florida Market, and Charles jumped at the opportunity. For the past 15 years Charles has serviced the South Florida and Jacksonville areas, and began his work completing reviews for Fannie Mae. Over the years Charles has split his time between Jacksonville and South Florida, but prefers the more complex and urban South Florida Market. In his spare time Charles enjoys scuba diving, and often utilizes his underwater scuba camera while inspecting properties in stormy weather. According to Charles, the key to efficient appraising and a main piece of advice for new appraisers is to map out your work ahead of time, and be prepared before you inspect a property. Making one trip is better than two.
Source: This article was originally posted at CoesterVMS.net, the official blog of CoesterVMS.com, an appraisal management company is USA.