Boomerang Buyers Are Continuing To Come Back Into The Market, By The Thousands!

Boomerang Buyers Are Continuing To Come Back Into The Market, By The Thousands!

Some Highlights:

• What is a Boomerang Buyer? A former homeowner who has gone thru a “short sale”, “foreclosure” or “bankruptcy” in the past few years and has been saving for a down payment in preparation of the expiration of the waiting period, in order to qualify once again for a mortgage.
• According to NAR: Up to 1 Million consumers have already restored their credit and qualify to buy now.
• 2.2 million consumers will return to credit worthy status within the next 5 years.

This continues to be a seller's market as inventory is still not meeting buyer's demand. The influx of Boomerang Buyers will only help to boost sales, while the continuing low interest rates will spur all types of buyers into making new purchases. As such the outlook for the Real Estate Market continues to be favorable. If you are thinking of entering the market I would love to give you a free market analysis of your home. Or if you are a first time or a boomerang buyer it would be my pleasure to schedule a meeting with my preferred lender to determine what price range you are most comfortable in and to show you what's available in that range.