Chief Economist of Fannie Mae, Doug Duncan. on the Data Driven Real Estate Podcast

Doug Duncan is Senior Vice President and Chief Economist at Fannie Mae where he is responsible for forecasts and analyses of the economy and the housing and mortgage markets. Duncan also oversees strategic research regarding the potential impact of external factors on the housing industry. He leads the House Price Forecast Working Group reporting to the Finance Committee. Named one of Bloomberg/BusinessWeek’s 50 Most Powerful People in Real Estate.

Questions answered on this and upcoming shows: https://bit.ly/ddre-14

0:00 The Data Driven Real Estate Podcast welcome Doug Duncan, Chief Economist of Fannie Mae
01:30 What is the Economic and Strategic Research Group? What do they research?
03:43 A look at affordable housing, flood zones, and homes at risk via Fannie Mae’s research
08:18 How does Fannie Mae's team approach research?
08:29 How Fannie Mae’s research helped 250,000 during the Great Recession access HARP
11:27 Does data show people are moving out of urban areas?
12:04 Will the data show only to the major metropolitan area, or will it go deeper?
12:26 Early findings show interesting Covid related impacts to the multifamily market and not in a category most would think
14:10 Does Fannie Mae, Freddie Mac, HUD, and Ginnie Mae work together on research?
15:34 The economic impact of Covid-19 and what the next 12 months look like
18:29 Fannie Mae’s board was surprised by this early pandemic prediction on housing
18:51 What the survey of 1,000 consumers has thought us about housing prices
19:53 Where the majority of the job losses is concentrated
21:12 What are Doug's concerns about the supply and demand of new homes?
22:22 Key issues with the supply-side of housing and housing-building profitability
23:13 Savings rates have gone from 32% to 20% (normal is 8%)
24:48 Where does the over economy stand now in 2020?
25:09 The one data point Doug wishes he had about small businesses
28:33 Unemployment forecast for 2021
30:07 The argument that housing is consumption rather than savings
32:37 The argument people make to show homeownership not being important
33:06 The number one hurdle people have to homeownership
34:44 The sale and leaseback option of the new single-family rental investment companies
35:11 Is Fannie Mae beginning to do more research on manufactured homes?
36:31 Modular and manufactured housing and ways public builders are modernizing construction
38:47 Is Fannie Mae looking at special lending for accessory dwelling units?
39:21 Why lenders, government entities, and lenders might not want affordable housing
40:50 Upzoning and current experiments to create more affordable housing
42:45 Why California has resorted to stripping local control for affordable housing
43:55 Base lending on area income to keep a cap on limits?
46:23 Is local and state taxation policies a concern to Fannie Mae as entities struggle from Covid and a recession?
49:49 Nevada looking into an income tax to plug budget deficits?
50:14 Two data point we should be looking at for a better economy
50:58 Some things that may never go back after Covid
53:28 Can the federal government keep printing money with no ramifications to the overall economy?
54:13 Debt-to-GDP ration close to WWII era?
55:06 The three ways to fix a deficit
56:14 The Fed’s evolving rules on inflation and what we haven’t been told yet
57:09 How low will mortgage rates go in the next 12 months?
59:31 Will the Fed explore negative interest rates to stimulate the economy?
1:02:11 The difference between a policy buyer and an economic buyer
1:02:41 Will there be a wave of foreclosures in 2021?

----------------------------------------------------------------------------------------------------------------

CONNECT

• Facebook: https://www.facebook.com/propertyradar
• Twitter: https://twitter.com/propertyradar/
• Aaron Norris: https://twitter.com/aaronnorris
• Sean O'Toole: https://twitter.com/seanotoole
----------------------------------------------------------------------------------------------------------------

ABOUT PROPERTYRADAR

Filling your CRM with leads just got easier. Introducing PropertyRadar, the property owner information and public data platform that real estate and home service professionals have trusted and used to drive billions of dollars in deals since 2007. PropertyRadar’s clean, comprehensive, and continuously refreshed data is second to none.

✅ Pinpoint YOUR best prospects & deals using 200+ filters & patented heat maps
✅ Beat competitors to the best deals with push notifications sent directly to your phone
✅ Automate your prospecting and marketing with over 2,000 integrations
✅ Build dynamic lists that automatically update when new leads match your criteria
✅ And much more!

➡️ Serious about tapping into the power of PropertyRadar?
🔥Try it FREE for 3-days: https://bit.ly/PRfreetrial
🔥Schedule a FREE one-on-one demo: https://bit.ly/demo-PR

Видео Chief Economist of Fannie Mae, Doug Duncan. on the Data Driven Real Estate Podcast канала PropertyRadar