Douglas Duncan Percent Quotations

Our forecast is for long-term rates to stay around 7.25 percent through the middle of the year.

We're forecasting that 2006 will be a trend growth year for the economy with an increase of about 3.5 percent in the GDP,

Anecdotally we're hearing that lenders' pipelines (pending mortgages) are down 50 percent from their peaks, ... There is no question companies are seeing the pressures of competition.

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,

The economy is rebalancing. This year, only about 13 percent of job growth has been in housing.

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.