happening to housing. what do you say? >> housing doesn't lead the economy. the housing market didn't bottom until 2011. the recession bottomed in 2009. >> neil: their point, housing isn't a big of deal as you make it to be. you say what? >> it accounts for 15 to 20% of overall economic growth. not just the housing market. but also all the other different aspects that housing tends to stimulate through the economy. so it is a significant part. it's not going to cause a recession by itself. in fact, it's just the opposite. i think the risk to the housing market, if prices are overinflated or getting overinflated as we think is that in an economic slow down and if interest rates are a half or a full percentage point higher than they are today, then those housing prices could come down a notch or two and possibly more if we go into an actual