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Detailed text transcripts for TV channel - CNN - 20110310:16:26:00

Price, suzanne? i m a little confused, alison, because given the recession, with a lot of people hit pretty hard. how can they afford to pay with cash? because the housing market has been hit hard, home prices are low, and that s easier to pay with all cash. people don t have to save up as much as they normally would. also we re finding that appraisals are weak these days and banks only finance what a home is appraised for, so instead of going out and getting the financing, do you know what, we ll pay all cash. also cash speeds the deal up. it s easier to negotiate. and, you know, people don t want to deal with the mortgage approval process a lot of times. you have to put your life out there on paperwork. and also what is also moving the cash deals, suzanne, it s becoming a big investment choice again, many buyers are actually investors buying big blocks of home all at once, just plunking down all their cash, suzanne? alison, thank you very much. want to straight to live pictur ....

Alison Kosik , Housing Market , Home Prices , Hit Hard , People Don T , Cash Deals , Mortgage Approval Process , Madison State Capitol , Suzanne Malveaux ,