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