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More Than A Million Boomerang Buyer About To Enter The Market

Julie R Baldino

Front Door Realty is locally owned and operated...

Front Door Realty is locally owned and operated...

Feb 5 2 minutes read

TransUnion  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 two 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.

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