People who go through foreclosure can rebuild credit records and qualify for home loans again in three to seven years if they manage their finances well. With home prices still low and interest rates near record lows, today’s boomerang buyers might even find their next mortgage more affordable than their last one, writes Detroit Free Press.
‘Boomerang buyers’ push housing rebound
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
