With the housing crash and Great Recession an increasingly distant memory, a growing number of people who lost the home to foreclosure are now trickling back into the market. This week the National Association of Realtors took a close look at these boomerang buyers and found that in addition to the nearly 1 million former homeowners who have likely already purchased a home again, an additional 1.5 million are likely to purchase over the next five years.In Minnesota alone, there have already been an estimated 25,000 return buyers and another 34,000 waiting in the wings. Here's a graphic look at the trend:
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