Detailed text transcripts for TV channel - MSNBC - 20120921:18:50:00
We know that a lot of folks cannot get those low rates because they don't have the credit or down payment. a lot of them are paying all cash. the good news is it's not all investors as we've seen over the past year. it's generic, regular home buyers coming back in the market. the investor share of sales dropped in august. the share of homes below $100,000 dropped dramatically in august as well and keeps going down. less foreclosures on the market means the upper end, the mid-250 to $500,000 range in homes is coming back. that's what we needed to see. when we talk about confidence, it's about h...