Boomerang buyers on the rise

Return Buyers: Many Already Here, Many More to Come | National Association of Realtors

Default rates jumped in 2006 and between then and 2014 nearly 9.3 million borrowers were foreclosed on, received a deed in lieu of foreclosure, or short sold their home.  To date, nearly a million of these former owners have returned to the market and many more of these “return buyers” are already qualified, but waiting.

-By Ken Fears, Director, Regional Economics and Housing Finance

Read the full research article here