with more on this, anthony sanders, real estate professor at george mason university. being with us. i know one month does not a trend make. >> i was predicting this a while ago. when interest rates and mortgage rates started to cep up we started watching mortgage purchase applications nosedive. mortgage refinance rates nosedived. new home sales went noseding as well. so this -- bernanke has bought the house in bubble. dennis: is that a good or bad thing for the economy? >> i think we made a bigistake in the last decade. we p all our eggs in the housing basket. the economy crashed. i think it's better that we treat housing more as a consumption good rather than an investment good and get back and start doing real investments in this country. dennis: the problem is that with housing it's a nice multiplier effect for the rest o economy for growth. when housing sales and get it turns out home depot sells most of to fix up the house. terms of employment is better for construction. are you worried slowdown is actually going to hurt economic growth? >> they will, of course.

here to weigh in, anthony sanders, real-estate finance director at george mason university. i saw this story and not, holy cow. this seems to be incredibly overreaching. what do you say? >> of course it is incredible. this strategy is that the previous administration, an absolute disaster when they tried to force is upon us. now they're talking about forced integration in neighborhoods. gerri: we already talked about that with laws that try to encourage diversity through mortgages. i want you to hear what sean donovan had to say. here is how he is our party is trying to do. >> unfortunately in too many of our hardest hit communities no matter how hard a child or her parents work, no matter that child's potential, the life chances of that child, even her life span is determined by the third zip code she grows up in. this is simply wrong. it. gerri: that was the secretary of the department of housing and urban development speaking to the naacp. that all cells everyone equal opportunity, but why do we need a government telling us where to live? are there other ways to achieve t