Boomerang Buyers Dust Themselves Off to Re-Enter Market #realestate #news #investment

Source:  DS News

Nearly 2.5 million consumers who gave up their homes due to foreclosure, short sale, or bankruptcy during the housing crisis are set to potentially re-enter the market with a clean credit file between June 2016 and June 2017.  These "boomerang" buyers are showing responsible credit behaviors, having improving their credit scores and are current on their debts.

According to a recent report from Experian, 68 percent of these consumers are scoring in the near-prime or higher credit segments.  This means that the opportunity for these consumers to qualify for mortgage loans is growing stronger.  Additionally, the research shows that the people in the short-sale category are rebounding at a higher rate than those who foreclosed, and are making their payments on time.

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