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July 28, 2013
Cash purchases. doesnt it seem like it is a game for the masses but people who have money are making money in real estate? >> it still in many ways is a distorted market. we came off of the aboutest housing recession since the great depression. we have had a lot of distressed inventory and extraordinarily low production and construction. i think, yes, in terms of clearing out the distressed inventory and moving the existing property, it has been driven by that higher-end individual. once we star...
July 27, 2013
80% of purchases in vermont are cash purchases. it doesnt look like a gain for the masses, it seems like the people who have money are making money in real estate. >> in many ways, its still a distorted market. we came off the biggest housing recession since the great depression. weve had a lot of distressed inventory and extraordinarily low production, extraordinarily low construction. i think, yes, in terms of clearing out the distressed inventory, in terms of moving the existing property, its...