Nearly 1 million formerly distressed homeowners have returned to ranks of homebuyers
After the foreclosure crisis, more homebuyers are back on the market
April 30, 2015
About 10 years after the start of a foreclosure crisis, nearly one million owners who lost their homes to banks have bought replacement homes.
Some 1.5 million more are likely to have restored their credit and will become eligible to buy homes over the next five years.
That influx could boost housing demand. Millions more, however, still have bad credit that will prevent them from becoming homeowners again for at least another decade. Read more
