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...
rates stay
Rates are going to stay at these ranges for awhile.
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.
aware borrowers home hopes meet mortgage occurred return time
I am not aware that it has occurred before. At the end of the day, everyone hopes all the borrowers will be able to return to a home and meet their mortgage payments on time and be re-established in their housing.
aware occurred
I am not aware that it has occurred before,
certainly leading planning retail season strong
All the leading indicators we look at tell us we are going to have a strong retail season and that is certainly what we are planning for.
economy economy-and-economics growth job percent
The economy is rebalancing. This year, only about 13 percent of job growth has been in housing.
effects hurricane katrina level louisiana national overall reflected
The effects of Hurricane Katrina in Louisiana and Mississippi are reflected in the overall level of national delinquencies.
case decline expect percent rates serious slowing unless
You won't see any serious slowing unless rates jumped to 8 percent, in which case I'd expect a 10 percent decline in values,