Boomerang buyers return to market after foreclosure

Posted by Bonnie Martin Designated Broker on Friday, March 15th, 2013 at 10:38am.

money.cnn.com - Borrowers who lost homes to foreclosure during the housing bust are starting to buy again.

Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2.2 million gave them up in short sales, according to RealtyTrac. While many are still struggling to recover financially, a growing number are starting to bounce back -- and they are looking for a new place to call home.

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