More Boomerang Buyers Are about to Enter the Market

More Boomerang Buyers Are about to Enter the Market | Simplifying The Market

We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.

Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could “possibly send a flood of more homebuyers into the housing market.

The chart below shows the total number of bankruptcies filed by year in the US over the last 10 years. The light blue bars represent over 3.3 million people who have already waited the 7 years necessary for their reports to no longer include their bankruptcies.

More Boomerang Buyers Are about to Enter the Market | Simplifying The Market

 

How would this “send a flood of more homebuyers into the housing market”?

As the article mentioned, in 2010 the number of chapter 7 bankruptcies increased to nearly 1.14 million. Now, 7 years later, they will begin to fade from credit histories, enabling prospective buyers to become homeowners again once their credit scores improve.

As we can see from both reports, the homeownership rate has the opportunity to increase drastically over the next few years with all of these boomerang buyers returning to the market.

Bottom Line

If your family was negatively impacted by the housing bust, here is the light at the end of the tunnel! You may be able to purchase your dream home faster than you think!  Give me a call to set up a no cost / no obligation informative meeting about purchasing your dream home today!  J.P. Cook – 602-320-4253.

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11946 W Parkway Lane Avondale, AZ 85323

$581,995
3 Beds
3 Baths
2,480 SqFt
Status Active
MLS # 6761545
Property Type Single Family Residence
Price Type --
The heart of this ranch-style home is an open floor plan with a family room, a breakfast nook and a large gourmet kitchen. The adjacent primary suite offers a walk-in closet and an attached bath. You'll also find two additional bedrooms and a bath, as well as a quiet study and a guest suite complete with a living area, bedroom, and private bath. Includes covered patio and a 2-car garage!

15680 W Mercer Lane Surprise, AZ 85379

$581,027
3 Beds
2.5 Baths
2,492 SqFt
Status Active
MLS # 6760233
Property Type Single Family Residence
Price Type --
Brand new home completed this November! This home is a wonderful 3-bedroom with a Den or Flex Room. The amazing kitchen / great room is open and has an oversized island. This beautiful home is under construction & backs to an open space with no direct back neighbors. There is wood plank tile throughout except for the bedrooms. Gourmet kitchen with designer hood, gas cooktop, built in oven / Microwave. & upgraded Painted Linen Cabinets, honed granite countertops, and a custom backsplash. Owner's suite has a tiled shower & Honed Granite counters & undermount sinks. Don't miss the unbelievable owner's closet. The flex room is built in so that it could easily be used as a den / playroom or home office. HOME WILL BE COMPLETE IN November. SELLER IS OFFERING RATE BUYDOWNS!

14022 N Bolivar Drive Sun City, AZ 85351

$581,000
3 Beds
3 Baths
2,448 SqFt
Status Active Under Contract
MLS # 6723831
Property Type Single Family Residence
Price Type --
This stunning house is located in a prime location and features 3brs/3bths. Spacious great room plan has an office/3rd bedroom w/ a sep. entrance. Spacious primary suite includes a washer/dryer. The guest quarters with a kitchenette are separate from the primary suite, providing privacy. The eat-in kitchen is a chef's dream, featuring custom cabinets, granite countertops, a breakfast bar, and a luxury line of Miele appliances, including a built-in refrig, dishwasher, induction cooktop, microwave, wall oven, steam oven, & coffee station. Inside laundry room and a sep storage room. Plantation shutters, dual pane windows, fans, and tile t/o (except for the primary closet) add to the home's charm. This home is ideal for those who enjoy golf course living and appreciate luxury and convenience.

4230 W Palace Station Road New River, AZ 85087

$581,000
4 Beds
2 Baths
1,799 SqFt
Status Active
MLS # 6747349
Property Type Single Family Residence
Price Type --
Don't miss this one! Stunning single story Barbaro model home on a premium corner lot in sought after Circle Mountain Ranch! 4 bedrooms, 2 baths and just under 1800 SF. Split floor plan with a bright and open concept main living space. The kitchen boasts granite countertops, stainless steel appliances, walk-in pantry, gas range and opens to the spacious great room with tile flooring, ceiling fan, recessed lighting, multiple windows and neutral tones. Primary retreat with double door entry, ceiling fan, carpet, walk in closet, en suite bath w/ dual sinks. Low maintenance landscape, block wall, extended paver patio & cover and turf! Additionally, this home is equipped with smart home technology. Enjoy all of the wonderful amenities Anthem has to offer - walking/hiking paths, parks, shopping, dining, golf & more all with EZ freeway access.

4623 E Monte Way Phoenix, AZ 85044

$581,000 - 3Br/2Ba -  for Sale in Pointe South Mountain Unit 6 Amd, Phoenix
Open House
$581,000
3 Beds
2 Baths
1,735 SqFt
Status Active
MLS # 6763286
Property Type Townhouse
Price Type --
Seller may consider buyer concessions if made in an offer. Welcome to your dream home! This property features a cozy fireplace, perfect for chilly evenings. The neutral paint scheme throughout is ready for your personal touch. The primary bedroom boasts a spacious walk-in closet, and the primary bathroom is a true retreat with double sinks and a separate tub and shower for a spa-like experience. This home is a must-see for those seeking comfort and style!

3131 N Central Avenue Unit 6022 Phoenix, AZ 85012

$580,900 - 2Br/2Ba -  for Sale in Edison Midtown Condominiums, Phoenix
Open House
$580,900
2 Beds
2 Baths
1,125 SqFt
Status Active
MLS # 6415956
Property Type Apartment
Price Type --
*Construction completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo is located on the corner with West facing views to the pool and common area and offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

13138 N 173rd Lane Surprise, AZ 85388

$580,000
4 Beds
2.5 Baths
2,745 SqFt
Status Active
MLS # 6760540
Property Type Single Family Residence
Price Type --
This home combines modern luxury with everyday convenience, making it the perfect place to make your own. Located in a newly developed and highly sought-after neighborhood, this brand-new construction (2023) boasts both luxury and convenience. With 4 bedrooms, 2 bonus flex spaces, great room, chef's kitchen, and a large interior courtyard, this home offers the perfect blend of style and functionality for today's modern lifestyle. Chef's Kitchen: The heart of the home, featuring gourmet appliance package including double wall oven, gas cooktop, and drawer microwave, chic white cabinets with 42'' uppers, decorative tile backsplash, and an expansive island - ideal for culinary enthusiasts or entertaining. Large Great Room: Open and airy with plenty of natural light, perfect for family gatherings or relaxing after a long day. The 12' center-slide glass door provides direct access to the patio. Eat-In Kitchen: Spacious for hosting dinner parties, holiday feasts and gathering for family meals. Owner's Ensuite: Nestled at the back of the house and split from the other 3 bedrooms, your private retreat with a spa-like bathroom, oversized walk-in shower, double vanities, and a generous walk-in closet. 3 Additional Bedrooms: Spacious and thoughtfully designed with ample closet space. 2 Bonus Flex Spaces: Versatile areas that can be used as home offices, playrooms, or workout spaces. Large Interior Courtyard: A serene outdoor space for al fresco dining, lounging, or gardening. Across the Street from a Beautiful Park: Enjoy walking, playing, or relaxing in the lush greenery right outside your door. Minutes from Costco and Other Shopping and Dining: Convenience at your fingertips with easy access to a variety of stores, restaurants, and entertainment options. Don't miss your chance to own this gem in one of the most desirable new neighborhoods!

17416 E Windstone Trail Rio Verde, AZ 85263

$580,000
4 Beds
2 Baths
2,331 SqFt
Status Active
MLS # 6487563
Property Type Single Family Residence
Price Type --
HOME IS COMPLETE AND MOVE IN READY NEW BUILD ON AN ACRE AND A QUARTER LOT WITH BREATHTAKING MOUNTAIN VIEWS. THIS 4 BEDROOM HOME HAS 2331 SQFT, OPEN KITCHEN WITH UPGRADED CABINETS, ISLAND, GRANITE COUNTERS, STAINLESS STEEL APPLIANCES, DOUBLE OVENS, 36'' COOKTOP, CUSTOM EXHAUST HOOD, MICROWAVE, FARMER SINK AND A WALK IN PANTRY. GREAT ROOM WITH FIREPLACE. MASTER BEDROOM HAS A LARGE WALK IN CLOSET, 36'' HIGH VANITY WITH DUAL SINKS AND GRANITE TOPS, SEPARATE TUB/SHOWER WITH TILE SURROUNDS. EXTRA LARGE LAUNDRY ROOM WITH DEEP SINK. UPGRA

2 N County Road N2147 -- Alpine, AZ 85920

$580,000
3 Beds
3 Baths
1,955 SqFt
Status Active
MLS # 6757547
Property Type Single Family Residence
Price Type --
Bring your family and horses home to this beautiful, well appointed, tri-level log home. Tucked back in the woods, this secluded gem sits upon 4.34 acres with 3 state of the art horse corrals nestled under the home. Entertain with family and friends on the large porch as you watch the wildlife in the yard. Garage has been converted to walk out basement with French doors, kitchenette, perfect for a game room or separate living quarters bedroom & bathroom. The upstairs loft has a nice size bedroom with bath. Enter the main floor to the kitchen with Jenn-Air gas stove, great room, bedroom, bathroom and separate office/study. Great room boasts ceiling height windows for a lovely view of the trees. Bring your family and horses home to this beautiful, well appointed, tri-level log home. Tucked back in the woods, this secluded gem sits upon 4.34 acres with 3 state of the art horse corrals nestled under the home. Entertain with family and friends on the large porch as you watch the wildlife in the yard. Garage has been converted to walk out basement with French doors, kitchenette, perfect for a game room or separate living quarters bedroom & bathroom. The upstairs loft has a nice size bedroom with bath. Enter the main floor to the kitchen with Jenn-Air gas stove, great room, bedroom, bathroom and separate office/study. Great room boasts ceiling height windows for a lovely view of the trees. Behind the home has flat area that would be perfect for a horse corral or plenty of other toys. The details in this home are very rustic and would make for perfect year round or seasonal living. The circular drive allows for horse trailers or toys to turn around with ease. Home is well equipped for horses. Also would be a great opportunity for a short term rental. Come and see the home at the end of the trail. ONE ACRE HAS BEEN SURVEYED & REMOVED/PRICE REDUCED.

3215 W Molly Lane Phoenix, AZ 85083

$580,000
4 Beds
2.5 Baths
2,864 SqFt
Status Active
MLS # 6771001
Property Type Single Family Residence
Price Type --
Welcome home! Step into this stunning 2-story gem, where comfort meets style at every turn. As you enter, you'll be greeted by inviting wood-look floors and a neutral palette that sets the perfect tone for relaxation. The pre-wired surround sound creates an immersive audio experience throughout the home. The cozy living room flows seamlessly into a spacious great room, ideal for gatherings with family and friends. The kitchen boasts stainless steel appliances, ample counter space, and a hanging pot rack. You'll love the convenience of the walk-in pantry and the large center island with a breakfast bar, perfect for quick meals or casual conversations. Retreat to the main bedroom, a true sanctuary featuring a lovely bay window that floods the room with natural light... The private bathroom offers dual sinks and a generously sized walk-in closet. Venture upstairs to discover a spacious loft, perfect for creating your own media center or play area. Step outside to your backyard oasis, complete with a covered patio, a paver patio for entertaining, lush grass for outdoor fun, and a rejuvenating pool to cool off on warm Arizona days. With so much to love about this home, it's truly a must-see. Don't miss your chance to make it yours today!

1543 E Oakland Street Chandler, AZ 85225

$580,000
3 Beds
2 Baths
2,060 SqFt
Status Active
MLS # 6769326
Property Type Single Family Residence
Price Type --
Immaculate Single-Level Home with Pool—No HOA! Don't miss this stunning 3-bed, 2-bath home, complete w/a spacious 3-car garage, Conveniently located near shopping & schools, this beautifully updated property boasts an array of features that make it feel just like new. Step inside to discover tile & wood like flooring T/O. The kitchen features gorgeous granite countertops, refinished cabinets including a new stainless steel gas stove and a large pantry. The living room showcases a tiled fireplace & elegant wood shutters, creating a warm and inviting atmosphere. The bathrooms have been beautifully remodeled, featuring wood-look tile floors & a stunning walk-in shower in the primary bath. Recent updates include a brand-new heater and pump for the sparkling PebbleTec pool and spa, Enjoy the beautifully landscaped, private backyard with a heated pool and spa, perfect for entertaining or relaxing and an extended cool deck, this outdoor space is a true oasis. Additional highlights include high ceilings, two fireplaces, double front doors. The master suite features a separate exit to the backyard and a spacious walk-in closet. The third bedroom boasts the largest walk-in closet of all! Plus, you have your choice of outstanding elementary and middle schools nearby. Walk to the park down the street. Drive around the corner to Gilbert/Chandler Community College or Chandler Hospital or Phx/Mesa Gateway Airport. This home is truly a gem.

26322 W Firehawk Drive Buckeye, AZ 85396

$580,000
3 Beds
2 Baths
2,381 SqFt
Status Active
MLS # 6772955
Property Type Single Family Residence
Price Type --
HIGHLY UPGRADED Serenity model w/Owned Solar & Updated 19 SEER Amana HVAC! Rare opportunity to own a 3 bedroom, 2 bath + Den home w/a Screened in Patio. You will be greeted by the Tuscan elevation & the Gated Paver Courtyard. Upon entering you will be impressed by the architectural touch of the tray ceilings throughout. Tile flooring leads you into the Chef Lux kitchen w/under cabinet lights, Granite counters, Tile backsplash, Pull-out shelves, Soft close drawers, Pendant lights & Walk-in Pantry. Cozy Gas Fireplace in the family room. Owner Suite w/a Bay window & Barn door that leads into the Bath w/dual sinks & Modern Walk-in Tiled shower for a spa like retreat! Enter the fully Insulated temperature-controlled garage w/cabinets, epoxy floors updated water softener & tankless water heater

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