A Million+ 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:
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. http://www.simplifyingthemarket.com/2016/01/27/a-million-boomerang-buyers-about-to-enter-market/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage
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