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Lender Restraint Stunting Real Estate Growth

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 Bruce Norris tells GlobeSt.com in this EXCLUSIVE look at the housing sector.

Bruce Norris 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.

GlobeSt.com: What are your economic predictions for the upcoming year?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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