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Boomerangers: Having lost homes, they're buying again

7 in 10 who lost homes in recession will own another within 8 years

9:45 PM, Apr. 1, 2013
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Four years ago, Dave Peterson was in the worst financial crisis of his life. He was in foreclosure, had declared bankruptcy and was struggling to find a place to rent in Las Vegas because of his terrible credit.

But last year he and his wife, Gabby, bought a $280,000 home that's bigger than the one they lost.

Peterson is a "boomerang buyer," one of several million who'll return to the market in the coming years, real estate experts say, bringing needed muscle to a housing market that seems to be finding its footing. ...

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If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports