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.
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