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US Home-Buying Season Finally Signaling A Recovery

April 15, 2012, 11:57 AM

US Home-Buying Season Finally Signaling A Recovery
WASHINGTON -

Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to a long-awaited recovery.

Reduced prices, record-low mortgage rates, higher rents and an improving job market appear to be emboldening many would-be buyers.

Open houses are drawing crowds.

A wave of foreclosures is leading investors to grab bargain-priced homes.

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