Special offer

A Million+ Boomerang Buyers about to Enter Market

By
Real Estate Agent with EXP Realty LLC SL3230490

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:

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.

Comments (3)

Rick Frissell
HomeXpress Realty - Valrico, FL
aka "The Red Baron of Real Estate"

This has been creeping upward over the last couple of years.  I model mind for a builder two days a week.  A large number of first time visitors to our model or boomerang.  I happen to call them the Bounce Bank as a positive conotation.  They are caustious and gun shy, but thier interest is rising.  I think we are looking at a stron 2 years of bounce backs.

Jan 29, 2016 10:08 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Sylvia - Hooray for boomerang buyers. Hopefully there will be enough homes to sell them. Our inventory is already a little low.

Jan 29, 2016 03:23 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Gen Xers were greatly injured by the Great Recession must jump back into Home ownership !

May 04, 2016 10:07 PM