Skip to main content

Boomerang Buyers Entering The 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.

Source:  www.KeepingCurrentMatters.com
 

Comments

Post a Comment

Popular posts from this blog

Real Estate Advisor: March 2019: Selling And Buying At The Same Time

Buying a home is exciting whether it’s your first home or your fifth. But while buying a home can be a real adventure, many owners put their home on the market while trying to find a new house. As a homeowner, you can try to sell while looking for something new, but it can get a little tricky. Read on for tips on how to make this process as smooth as possible. EVALUATE YOUR LOCAL MARKET It would seem like selling your home before putting an offer on a different one would be the best option when it comes to buying/selling, but it can really depend on the local real estate market. If you have the time, research the market in your city or desired area. This will let you know whether it’s a buyer or seller market. The type of real estate market in your locale can really dictate whether or not the process will be quick or drawn out. The general rule of thumb is to sell first in a buyer’s market, and buy first in a seller’s market; but this isn’t always the case since every ...
Post a Comment
Read more

Unique kitchen designs & features!

It's all in the details....
Post a Comment
Read more

Home Staging Tips

Appearance is everything when selling a home and a properly staged home is an important part of getting your home ready to sell.   The good news is there are many things you can do to spruce up the look of your home without shelling out a lot of money. These home staging tips will not only help attract more potential buyers to a property on the market but they can also be used to spruce up a home you're planning on staying in. Enhance Your Entry It’s the first thing buyers see, and most likely serves as the first impression of your house. Utilize the entry by updating the front door color, change out the door hardware (or clean and polish the current hardware). Make potential buyers welcome with a nice mat and some potted plants or flowers. Clean Out Clutter The majority of us have too much stuff, and clutter is a huge killer for potential buyers. Be ruthless when it comes to clutter — if you haven’t used it in three months, box it up. If you haven’t used it in a year, ...
1 comment
Read more