Orlando Real Estate

'Boomerang' buyers poised for moves, report states

'Boomerang' buyers poised for moves, report states

Seven years after the housing crash, Orlando has been dubbed a "boomerang market" as former homeowners begin to restore their credit enough to purchase another house.

More than almost anywhere in the country, Metro Orlando has the makings of a housing market poised to benefit from foreclosed homeowners ready to buy again, according to a report released Tuesday by RealtyTrac.

The first wave of more than 100,000 foreclosures and short sales engulfed the Orlando market seven years ago, and some of those former homeowners have cleaned up their credit in that time. Whether they re-enter the market depends largely on wage increases and home-price...