A Million Boomerang Buyers About To Enter Market

A Million Boomerang Buyers About To Enter Market

 

A Million+ Boomerang Buyers about to Enter Market!!

A Million+ Boomerang Buyers about to Enter Market | Keeping Current Matters

TransUnion recently released the results of a new study titled The Bubble, the Burst and Now - What Happened to the Consumer? The study revealed that 1.5 million homeowners that were negatively impacted by the housing crisis could re-enter the housing market in the next three years.

TransUnion defined “negatively impacted” as…

“…those who were 60+ days past due on a mortgage loan, lost their mortgage through foreclosure, short sale or other non-satisfactory closure, or had a mortgage loan modification between the Bubble and Burst.”

Other interesting findings in the study:

  • During the mortgage bubble in 2006, 78 million consumers, or 43% of credit-active consumers in the U.S., had a mortgage

  • More than 8% of these consumers were “impacted”

  • 5 Million consumers will again be eligible for a mortgage in the next four years

Here are the numbers of consumers who will meet mortgage guidelines over the next four years:

Boomerang Buyers Re-Entering The Market | Keeping Current Matters

Bottom Line

If you are a family that experienced the impact of the last housing crisis, now may be the right time to again buy your own home.


Andrea Ortega Headshot
Author:
Phone: 480-861-4663
Dated: February 6th 2016
Views: 326
About Andrea: Andrea Ortega has been a licensed Realtor in Arizona since 1996, and has been with American Allstar ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

It Can Be Detrimental To A Sellers Bottom Line For Off Market Sales - Sellers choosing this private, off
The Top 5 Places To Go In October In Arizona - Savor the Foliage in the White
What Is In The Gilbert Water Tower - The iconic water tower in Gilbert
Gilbert Market Action - Gilbert, AZ Thu Aug 23 2018;

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

American AllStar Realty
6642 E Baseline Rd Ste 101
Mesa, AZ
602-353-7375