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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:

Boomerang Buyers Re-entering the Housing 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. Let’s get together today and get you on the path to homeownership. You can call or text me directly at 801-390-8423, anytime.

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Whether you're a first-time home buyer needing to navigate the complicated and stressful process of buying a home, or a seasoned homeowner wanting guidance and support while selling your current home, Tristan Bills has the experience and expertise to help you reach your goals.

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