Los Angeles Business Journal

Buyers Back After Foreclosure

Monday, October 15, 2012

After a long period of consumer retrenchment, U.S. families have cut their once-out-of-control debt loads down to pre-recession levels, largely removing one major obstacle to a faster economic recovery, Bloomberg News reports. The Wall Street Journal reports that so-called “boomerang” home seekers are become eligible for mortgages and are hitting the market again.