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Boomerang Buyers About to Enter Market

Wednesday, January 27, 2016   /   by Dan Malloy

Boomerang Buyers About to Enter 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.


 
Malloy Home Team at Premier Brokers International
Dawn And Dan Malloy
9123 N. Military Trail, Suite 104
Palm Beach Gardens, FL 33410
561-876-8135
561-370-5736

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