The first wave of millions of homeowners who lost their home to foreclosure may soon be on the market to get back into buying real estate.
These so-called “boomerang buyers” are now past the seven-year window they need to begin repairing their credit to qualify to buy a new home.
CBS News business analyst Jill Schlesinger tells Here & Now’s Lisa Mullins about these boomerang buyers and how they may change the housing market in the next decade.
Guest
- Jill Schlesinger, business analyst at CBS News. She tweets @jillonmoney.
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