Real Estate Sarasota & Manateee Counties | Think Suncoast Real EstateReal Estate Sarasota & Manateee Counties | Think Suncoast Real Estate

Julie Larson REALTOR®  941-284-9826

Mary Lou Hetman REALTOR®  941-320-1575

  • Menu
  • My Account
  • Sellers
  • Buyers
    • My Account
    • Advanced Search
    • Search by Address
    • Search by MLS ID
  • About
    • Julie Larson REALTOR
    • Mary Lou Hetman REALTOR
  • Reviews
  • Blog
  • Resources
    • Home Valuation Request
    • Home Inspectors
    • Homeowners Insurance Agents
    • Helpful Real Estate Links
    • Lease to Purchase a Home

More Boomerang Buyers Are About To Enter The Market

More Boomerang Buyers Are About to Enter the Market

More Boomerang Buyers Are about to Enter the Market | MyKCM

We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.

Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could “possibly send a flood of more homebuyers into the housing market.”

The chart below shows the total number of bankruptcies filed by year in the US over the last 10 years. The light blue bars represent over 3.3 million people who have already waited the 7 years necessary for their reports to no longer include their bankruptcies.

More Boomerang Buyers Are about to Enter the Market | MyKCM

 

How would this “send a flood of more homebuyers into the housing market”?

As the article mentioned, in 2010 the number of chapter 7 bankruptcies increased to nearly 1.14 million. Now, 7 years later, they will begin to fade from credit histories, enabling prospective buyers to become homeowners again once their credit scores improve.

As we can see from both reports, the homeownership rate has the opportunity to increase drastically over the next few years with all of these boomerang buyers returning to the market.

Bottom Line

If your family was negatively impacted by the housing bust, here is the light at the end of the tunnel! You may be able to purchase your dream home faster than you think! Let’s get together to determine if you can qualify for a mortgage now! Call Julie Larson at 941-882-0322 or complete the form below…

~Keeping Current Matters
facebookShare on Facebook
TwitterTweet
FollowFollow us

Posted in: Bradenton Real Estate, Buyer Resources, Casey Key Real Estate, Charlotte County Real Estate, Condos, Englewood Real Estate, for sale south venice, Lakewood Ranch Real Estate, Lido Key Real Estate, Manatee County Real Estate, Manatee County Real Estate Resources, New Homes New Construction, New Homes New Construction, Nokomis Real Estate, North Port Real Estate, Osprey Real Estate, Palmetto Real Estate, Parrish Real Estate, Real Estate, Sarasota County Real Estate, Sarasota Real Estate, Siesta Key Real Estate, Venice Real Estate Tagged: buying a house in sarasota, Julie Larson Realtor

About Julie Larson, Realtor with White Sands Property Group FL

Julie loves the Sarasota's Suncoast area and gets a lot of joy out of matching up home buyers with home sellers and creating a win-win situation for all involved.

ThinkSuncoast.com is your one-stop real estate resource for Sarasota and the surrounding areas.

Your questions and comments are always welcome! Call or text 941-284-9826, email Julie@ThinkSuncoast.com or by using the form on our Contact page!

Post navigation

« It’s Important to Use a Professional Real Estate Agent to Sell Your Home
Want To Keep Up With The Joneses? Now’s The Time »

Contact Julie Larson

 
 
 
 
 
 
 

Julie Larson, Realtor®
941-284-9826
Julie@ThinkSuncoast.com

Julie Anne Larson LLC

Recent Posts

  • Homeownershiip is the Winner
  • Think Again if You Think Home Prices Are Going to Fall
  • It’s Still a Good Time to Sell Your House
  • The Housing Market is Shifting
  • Recession Does Not Equal Housing Crisis
  • Memorial Day 2022
  • The Future of Home Appreciation and What it Means for You
  • Where are Mortgage Rates Headed in 2022

“LIKE” Us on Facebook!

White Sands Realty Group Florida
1990 Main Street Suite 750
Sarasota, Florida 34236
Disclaimer - All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

©2020 My Florida Regional MLS. All rights reserved. | Privacy Policy | Sitemap | XML Sitemap

Log in