Norris: “A lot of people are talking about bubbles, but we’re missing too many elements for that.”

IRVINE, CA—The inability of lenders to say yes to anybody other than borrowers with great credit risk is a problem that may not change for the foreseeable future, the Norris Group’s principal Bruce Norris tells GlobeSt.com. Morris will deliver a keynote address and mid-year economic update at the Building Industry Association—Orange County Chapter’s is annual developmental-trends conference “Insight 2016—What Inning Are We Really In?” here on June 10. Prior to the economic downturn in 2007, Bruce Norris had predicted the recession and will thus give his economic predictions for the upcoming year. We spoke exclusively with Norris about his economic predictions and what he feels is in store for the housing sector in the coming year.