GET READY…BOOMERANG BUYERS TO PEAK IN 2018…

According to CoreLogic, who provides information intelligence to identify and manage growth opportunities in real estate, “Boomerang Buyers”…people lost their homes in the recession, are a big part of the real estate market and the number of them planning to purchase is estimated to it peak level in 2018, with over 1,300,000 potential Buyers! Why? Seven years have passed since the peak of foreclosures in 2010. They will have passed the seven year period after which the Fair Credit Reporting Act requires derogatory information to be removed from credit reports. Going forward…by the year 2020 another 1.2 million homeowners who lost their homes between 2011 and 2013 will become eligible. Now is the time for smart agents to aggressively market themselves and prepare to service this lucrative market.