Douglas Duncan
Douglas Duncan
Douglas M. "Doug" Duncanis an American politician and member of the Democratic Party. Duncan served as County Executive of Montgomery County, Maryland from 1994 to 2006. Duncan held the office longer than any other county executive in the county's history. In 2006, Duncan was a candidate for the Democratic nomination in the Maryland gubernatorial election. He abruptly dropped out of the race on June 22, 2006, citing clinical depression, handing the nomination to Baltimore Mayor Martin O'Malley. Following his exit...
drop expect home next percent sales
We expect home sales will drop marginally -- about 3 percent -- in each of the next two years from this year's level, which will be an all-time record.
housing next strong three within
We see housing as being strong over the next three years within a strong economy.
assumption home increased limit loans prices start
They know it won't be long before the limit will go up. They start making the loans on the assumption that the limit will be increased because home prices have been rising.
change changing degree effect final interest judge margins people rate small terms trying whether
People are trying to judge the degree of the (housing) slowdown and whether it is a slowdown, and if they are on the margins in terms of making a final decision, a small interest rate change one way or the other can have the effect of changing people's minds.
benefits bigger brought economic fair forward home lower mortgage moved number offset people purchases rates sales
A fair number of first-time home purchases were brought forward because rates were so good, and a number of people also moved up in the market, when they were able to get a bigger mortgage at a lower rate. When rates move up, you won't get those first-time sales or the move-up factor. Is that offset by the benefits of economic expansion? In our view, not quite.
rates stay
Rates are going to stay at these ranges for awhile.
economic growth increases interest level modest rate
These are very modest interest rate increases for the level of economic growth we are expecting.
companies competition consumer losing market money short
Companies are losing money to keep market share. The consumer is being subsidized because the competition is so fierce. For the short run, the consumer is getting a better deal.
closing companies people
Some companies were just assigning people a closing date.
chance giving jail sitting
To me, that's giving them a better chance at rehabilitation than sitting in jail for 60 days.
chasing false fired officers shots
We don't want to have officers chasing false alarms of shots fired in our counties,
begin fed growth interest jobs raising rates short strong term time
Jobs growth has not been strong enough for the Fed to begin raising short term interest rates at any time soon.
home people
It comes down to what people are doing with their home equity.
best break entire generous tax typical
For the typical American, it's the best and most generous tax break in the entire tax code.