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Q&A with Fannie Mae's Chief Economist

San Diego Union-Tribune -- The U.S. is in its fifth year of what could be a decade-long housing recovery that likely will see minor traction in 2012, said Fannie Mae Chief Economist and Vice President Douglas Duncan at a San Diego real estate conference on Tuesday.

Duncan, who has been in his current role since 2008, said a mix of consumer hesitation, stagnant or reduced income levels, and the expiration of tax cuts contributed to his forecast of 1 1/2 percent growth in 2012. Duncan addressed about 300 real estate professionals on campus at the University of San Diego to give a big-picture view of the residential market. (Full Story)