“The Bubble, the Burst and Now - What Happened to the Consumer?”

Now is the right time to purchase a home.

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. 

 

Homes to view

 

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                                                                photo of me

Lynn V. Rubin, Realtor          

Keller Williams of the Treasure Coast

819 SE Federal Hwy. #300

Stuart, FL 34994

772-240-9600

www.LynnVRubin.com

email: LynnVRubin@gmail.com

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Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

With inventory being tight and thousands of boomerangers coming , prices should rise !

Jan 31, 2016 09:45 AM #1
Rainer
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Lynn V. Marino Realtor, RSPS, ABR
Stuart, FL
"Let me Cater to your Real Estate Needs"

Thanks for your comment. Send your buyers my way and we can work together. I pay 25% referral fee.

Feb 01, 2016 08:23 AM #2
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Rainer
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Lynn V. Marino Realtor, RSPS, ABR

"Let me Cater to your Real Estate Needs"
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