CNN Your Money July 27, 2013 18:21:00
80% of purchases in vermont are cash purchases. it doesn't look like a gain for the masses, it seems like the people who have money are making money in real estate. >> in many ways, it's still a distorted market. we came off the biggest housing recession since the great depression. we've 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, it's been driven by that higher end individual. once we start to see new construction pick up, which...
Source: archive.org