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2016 Real Estate News: Boomerang Buyers to Enter Housing Market

2016 Real Estate News: Boomerang Buyers to Enter Housing 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:




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.

Click here to search Lake County Illinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


2016 Real Estate News: Boomerang Buyers to Enter Housing Market

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