Foreclosed homeowners back in the US housing market

Global Business

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The economic crisis in the U.S. peaked in 2008 when the real estate market crashed. Millions of homeowners were underwater with their mortgages as home values tanked and that led to a record number of foreclosures. It’s been nearly seven years since the peak of the housing crisis, which means many of those who lost their property can now get back into the market. CCTV America’s May Lee filed this report from Los Angeles.
Follow May Lee on Twitter @mayleetv

Foreclosed homeowners back in the housing market

Foreclosed homeowners back in the housing market

The economic crisis in the U.S. peaked in 2008 when the real estate market crashed. Millions of homeowners were underwater with their mortgages as home values tanked and that led to a record number of foreclosures. It's been nearly seven years since the peak of the housing crisis, which means many of those who lost their property can now get back into the market.


Michael Orr on the return of home buyers in the U.S.
For more on the return of home buyers, CCTV America’s Rachelle Akuffo¬†talked to Michael Orr, director of the Center for Real Estate Theory and Practice, W.P. Carey School of Business at Arizona State University.
Follow Rachelle Akuffo on Twitter @RachelleAkuffo

Michael Orr on the return of home buyers

Michael Orr on the return of home buyers

For more on the return of home buyers, CCTV America's Rachelle Akuffo talked to Michael Orr, director of the Center for Real Estate Theory and Practice, W.P. Carey School of Business at Arizona State University.