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7/30/12: Housing Bu...

Audio from today’s call is at the bottom of the page. Bill Rayburn: This morning we’re talking about bubbles and cycles in housing. Bob Dorsey: Historically, we’ve seen some of the biggest bubbles and crashes over time in California, so I thought we could talk this morning about what’s behind those cycles. There are really two parts to a housing price: the price to build it, and the price to buy the land. If we’ve got land and construction, why do we have these big bubbles and crashes in the market? Rayburn: Well, what makes a bubble? Let’s talk about the number of buyers and what they’re paying for. Dorsey: There are...

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Grab your morning coffee and dial in for FNC Morning View with Bill and Bob. Mortgage industry experts Bill Rayburn and Bob Dorsey jump start the work week with an unscripted conversation about the latest in housing headlines and industry trends. In just 10 minutes, you’ll be briefed and ready for your day with newfound knowledge about the economy’s impact on housing, recent regulations, mergers, and more.