A Million+ Boomerang Buyers about to Enter Market

If you experienced the impact of the last housing crisis, now may be the right time to again buy your own home.

Have any questions or need additional information?

Call/text me at (630) 669-2401 or email me at mmancano@c21affiliated.com, my Real Estate Dream Team and I are here for you!

Monica Mancano, REALTOR®, MRP, AHWD, Century 21 Affiliated

 

Check out my Real Estate Website

www.MonicaMancano.com

to see properties currently for sale in the MLS

Enjoy the article from Transunion's study that 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.

A Million+ Boomerang Buyers about to Enter Market | Simplifying The Market

A Million+ Boomerang Buyers about to Enter Market

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.

Monica Mancano

Monica Mancano

REALTOR®, SRES®, MRP, AHWD
Contact Me

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