Boomerang Buyers Are Back!!! Call Julie Larson Realtor 941-882-0322

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Real Estate Agent with PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties

More Boomerang Buyers Are About to Enter the Market

More Boomerang Buyers Are about to Enter the Market | MyKCM
We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. RecentlyHousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could “possibly send a flood of more homebuyers into the housing market.” The chart below shows the total number of bankruptcies filed by year in the US over the last 10 years. The light blue bars represent over 3.3 million people who have already waited the 7 years necessary for their reports to no longer include their bankruptcies. More Boomerang Buyers Are about to Enter the Market | MyKCM  

How would this “send a flood of more homebuyers into the housing market”?

As the article mentioned, in 2010 the number of chapter 7 bankruptcies increased to nearly 1.14 million. Now, 7 years later, they will begin to fade from credit histories, enabling prospective buyers to become homeowners again once their credit scores improve. As we can see from both reports, the homeownership rate has the opportunity to increase drastically over the next few years with all of these boomerang buyers returning to the market.

Bottom Line

If your family was negatively impacted by the housing bust, here is the light at the end of the tunnel! You may be able to purchase your dream home faster than you think! Let’s get together to determine if you can qualify for a mortgage now! Call Julie Larson at 941-882-0322 or complete the form below…
~Keeping Current Matters
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Rainer
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Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Nice graphics Julie Larson Realtor® Sarasota FL 941-882-0322 .  I'm sure your clients appreciate your knowledge and professionalism. 

Aug 22, 2017 10:58 AM #2
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Rainmaker
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Julie Larson Realtor® Sarasota FL 941-882-0322

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