Wednesday, July 3, 2013
Doug Duncan Joins Bruce Norris on the Real Estate Radio Show #337
Bruce Norris is joined this week by Doug Duncan. Doug is the senior vice president and chief economist for Fannie Mae. He is responsible for managing Fannie Mae’s economics and strategic research group.In this leadership role Duncan provides all economic housing and mortgage market forecast, analysis, and serves as the company’s thought leader internally and with the external constituent groups.Doug was recently named one of the 50 most powerful people in real estate. He has been a friend to investors and has invited them back to talk with Fannie and FHA about loosening up some of the loans that were given to investors. Bruce and Doug discuss how investors are a critical part of the market, the concern downward pressure on prices should people exit, Doug's paper "Unusually Uncertain," the question of whether it is a good time to sell, the lag in the consumer understanding of prices, the price recovery in California, underwater homeowners, and much more on this week's real estate radio show and podcast.