A Million+ Boomerang Buyers about to Enter Market

By
Real Estate Agent with Coldwell Banker Burnet Realty MN Broker# 20588319

A Million+ Boomerang Buyers about to Enter Market

 

 

Boomerang Buyers to Enter the Market

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 to Enter the Real Estate Market

 

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.

 

Contact Marzena M. Melby, REALTOR®, GRI, e-PRO, Visit my website to search homes for sale in the Twin Cities and surrounding areas. Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Twin Cities Homes 4 Sale Blog represent the opinions and ideas of the author. Twin Cities Homes 4 Sale Blog does not express the views of Coldwell Banker Burnet Realty, or its other partners or agents.

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Michael J. Perry 02/27/2016 10:10 PM
  2. Joyce Marsh, Florida Real Estate 02/27/2016 11:41 PM
Topic:
Real Estate Market Trends
Location:
Minnesota
Groups:
Posts to Localism
Advice for Sellers
Advice for Buyers
Minnesota Real Estate
Tags:
market trends
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Rainmaker
2,562,760
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

We have a number of lenders that will work with Boomerang Buyers well ahead of the federally mandated timeline....and have been bouncing right along with more sales and more homeowners returning to the market.

Feb 27, 2016 09:38 PM #1
Rainmaker
1,609,642
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

This great news for Sellers ! The Law of Supply & Demand says prices will skyrocket !

Feb 27, 2016 10:02 PM #2
Rainmaker
537,371
Joyce Marsh, Florida Real Estate
Premier Sotheby's International Realty - Ormond Beach, FL
Premier Sotheby's International Realty

Great news to share and a great post. Definitely will have a huge impact on the real estate market.Well done Marzena 

Feb 27, 2016 11:47 PM #4
Rainmaker
209,801
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

Thank you, Joyce. We are all working hard to find more inventory that can satisfy the demand.

Feb 29, 2016 03:35 AM #5
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Rainmaker
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Marzena Melby

Realtor, Twin Cities Minnesota Real Estate
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