Boomerang Buyer Forecast

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When the bubble burst on the housing market, approximately¬†7.3M homeowners lost their home to foreclosure or short sale. It is estimated that it takes seven years to rebuild one’s credit and we’re now past that mark. Realtytrac produced a chart that estimates when, and how many, boomerang buyers will begin returning to the market.

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With the tight market we have here in WA, those 2015 boomerang buyers are quickly turning into the backlog of buyers.

Source: RISMedia