Boomerang Buyers : Who Are They?

Have you heard the new industry buzzword “Boomerang Buyers” yet? If not, you’re about to hear a lot more about it! Referring to previous homeowners who were foreclosed upon or had to short sale their home, most Boomerang Buyers are expected to re-enter the real estate market within five years.

Boomerang Buyers

Image via howstuffworks.com

The recent report suggests that a whopping 2.2 million Boomerang Buyers will become once again eligible for a mortgage in the next five years. This sheer number will invariably affect your homes value — in a good way! The demand for homes is expected to¬†outpace the supply (even more so than we’re currently seeing in this seller’s market) which will raise home values across the region.

Are you planning to purchase a home soon after struggling with foreclosure or a short sale years ago? We’d love to help, and we have professional and helpful lenders who are educated on exactly how to make you eligible for a loan. Give us a call at 215 699-5555!