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2016 Economic and Housing Forecast

Jan 20, 2016
This morning Rick Harper, Ph. D., addressed The Emerald Coast Association of Realtors and The Building Industry Association of Okaloosa-Walton Counties on the economic and housing forecast of 2016.

Full Presentation

Major Takeaways: 

- Economic activity results from matching area resources (supply) with needs in the marketplace (demand).

- Improving the quality of local assets (labor, capital, natural resources, intellectual property, entrepreneurial ability) allows assets to earn a higher return in the marketplace.

- The high-wage, sustainable jobs of tomorrow will go to those with the skills to create and use new technologies.  Routine, non-cognitive tasks will either be automated or off-shored.

- Safe streets and good schools are essential to healthy growth.

- Small and new businesses have been the net job generators, but that role has been changing over time.

2016 Forecast