“Prediction is very difficult, especially if it’s about the future.”
That quote politely sums up the prediction business from the 1922 Nobel prize in physics winner, Niels Bohr, a Danish quantum physicist. I gave up on the prediction business some time ago, to be precise 2008, after believing in continued demand for Arizona real estate and a ‘worse case’ being a leveling of prices as population growth would remain strong.
Now I think Warren Ellis has a more apt description:
“I try not to get involved in the business of prediction. It’s a quick way to look like an idiot.”
Nonetheless, the professional predictions for real estate in 2016 keep on coming so here are what others are saying:
Construction Executive Top Tech Leaders Share Predictions for 2016 and Beyond [ I especially like their vision of a jobsite in 2030]