A Million+ Boomerang Buyers about to Enter Market

    A Million+ Boomerang Buyers about to Enter Market | Simplifying 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 Re-Entering The Market | Simplifying The 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.

    Comments are closed.

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Greater Charlotte area.