The housing market is back from the debts and we ask is Congress really going to get rid of Fannie and Freddie?

You're in the right place folks because this is where the money is.

Welcome to the show folks. I am David Hanson. Matt Kopineffer is still enjoying his

African vacation. So today we are revisiting another one of our interviews

that we did at Columbia Business School.

This one was with real estate professor Chris Mayor.

Hope you enjoy.

Hey fools, I'm David Hanson.

I'm here with Chris Mayor.

He's a professor of real estate here at the Columbia Business School.

So first question off the top,

K Schiller, up 12% year over year.

What's your first thought when you hear something like that?

The housing market fell too far, and it's kind of recovering a little bit.

And that's, we're not going back into the bubble?

I'm not in the sort of, we're in the, you know, in other housing bubble sort of world.

I think the market just really cratered and we're

starting to sort of recover now we could talk about which places because I think if you're

living in Las Vegas or Phoenix I think you should not expect that house prices are coming back to where they were.

So, you know, do some really, you know, simple math.

Take a place like Las Vegas where house prices fell more than 50%.

And then you read a big headline that says, gee house prices are up 30% this year.

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