Found 1 blog entry tagged as Boomerang Buyers.

Today in our Market Updates series we will be talking about boomerang buyers and what their recovery means for the housing market.

As seen in the infographic above provided by our friends at KCM, a boomerang buyer is defined as a former homeowner who has gone through a "short sale," "foreclosure," or "bankruptcy" in the past few years and has been saving for a downpayment in preparation of the expiration of the waiting period, in order to qualify once again for a mortgage. 

Between 2006 and 2014 over 7 million homeowners went through a short sale or foreclosure. However, in 2014 about 350,000 homes were sold to return buyers. According to the National Association of Realtors up to 1 million consumers have already restores their credit since the…

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