Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Millions Of 'Boomerang Buyers' Could Reshape Housing Market

Signs are seen outside a foreclosed home and a house for sale February 24, 2009 in North Las Vegas, Nevada. (Ethan Miller/Getty Images)
Signs are seen outside a foreclosed home and a house for sale February 24, 2009 in North Las Vegas, Nevada. (Ethan Miller/Getty Images)

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

Copyright 2021 NPR. To see more, visit https://www.npr.org.