More Boomerang Buyers Are about to Enter 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.

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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4062 W Kiowa Circle Happy Jack, AZ 86024

$580,000

3 Beds

2 Baths

1,804 SqFt

Status Active

MLS # 6736859

Property Type Single Family Residence

Price Type --

This beautiful residential property in Happy Jack, AZ BACKS UP TO THE NATIONAL FOREST. The view from your back covered deck is spectacular, overlooking the lush forest with no neighbors in sight. Surrounded by majestic pines and abundant trees, this 1.05-acre paradise offers privacy and tranquility. Located in the Starlight Pines HOA with maintained roads, the home features a master suite on the main floor, an open floor plan, 3 bedrooms, and 2 baths. The great room includes a cozy stone fireplace, perfect for relaxing evenings. The kitchen boasts an island with additional storage cabinet space and seating for extra guests. The bedrooms offer extra space for guests, ensuring comfort for everyone. Oversized 2 car garage with custom cable lift. Plenty of trails for exploration all around and a perfect retreat for outdoor enthusiasts. Subject includes central air HVAC system. Situated in the beautiful Rim Country, this property offers a scenic escape from the hustle and bustle of city life.

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27386 W Osprey Drive Buckeye, AZ 85396

$580,000

2 Beds

2.5 Baths

2,557 SqFt

Status Active

MLS # 6739338

Property Type Single Family Residence

Price Type --

Why wait to build when you can make this stunning nearly new JOURNEY model yours today! This elegantly appointed 2,557 sqft, 2 beds, 2.5 bath, Den with French doors, Flex space, Great room, charming Courtyard & Golf cart garage home will not disappoint. The Kitchen is an entertainers delight with Granite countertops, sleek back splash, Gas cooktop with DOUBLE ovens, Soft close drawers, Pull out Shelves, Reverse Osmosis, magnificent Executive Island perfect for storing all of the small kitchen appliances and gathering loved ones or friends. Wooden shutters throughout & Media wall in the Great room. Owner's suite bathroom with its modern Tile Walk-in shower, Double sinks & Granite counters. Private walled lot, Extended Travertine Patio, Built-in gas BBQ & low maintenance Turf. See it today!

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49947 N 26th Avenue New River, AZ 85087

$580,000

3 Beds

2 Baths

1,784 SqFt

Status Active

MLS # 6739056

Property Type Single Family Residence

Price Type --

360 VIEWS! This charming home sits atop a mountain on a HUGE 1.4-acre corner lot, offering unmatched scenery & privacy. Providing 3 beds, 2 baths, & a 2-car garage. Bright & light interior showcases carpet & Saltillo tile flooring t/out and vaulted ceilings that add to the airy feel. Discover the living/dining room and a cozy family room w/fireplace! The kitchen features SS appliances, oak cabinetry, a pantry, & a garden window. Primary bedroom boasts French doors to the back and an ensuite with dual sinks, a separate tub/shower, & a walk-in closet. Relax under the back full-length covered patio while enjoying the unobstructed vistas! Want MORE? Bring your toys, RVs, horses, & other animals—this property has plenty of space! What a GEM!

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1631 N Lynch -- Mesa, AZ 85207

$580,000

3 Beds

2 Baths

1,753 SqFt

Status Active

MLS # 6740039

Property Type Single Family Residence

Price Type --

Tucked away in the serene community of Montecita at Mountain Bridge, this residence is charming throughout. With three spacious bedrooms and two well-appointed baths, the split floorplan gives everyone the space they need - all located on a premium lot with no neighbors behind. The private pool with water feature calls to you from the backyard oasis for the perfect cool-off - any day, any time. Community amenities galore, and less than 20 minutes' drive to Valley airports, Saguaro Lake, Canyon Lake & the Salt River as well as hiking trails and mountains everywhere you look. You'll find so many amazing opportunities for enjoying life in the Valley of the Sun here.

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17106 E La Pasada Drive Fountain Hills, AZ 85268

$580,000

4 Beds

2 Baths

1,522 SqFt

Status Active

MLS # 6748601

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This exquisite 4-bdrm residence w/den is situated on a spacious lot in the highly sought-after Fountain Hills community. Every inch of this home has been thoughtfully remodeled to offer the perfect blend of modern luxury & timeless charm. Enjoy 4 generously sized bedrooms plus a versatile den, ideal for a hm office/additional living space. Experience contemporary living with high-end finishes, sleek fixtures, and a state-of-the-art kitchen. The large lot provides ample space for outdoor entertaining, gardening, or simply relaxing; endless possibilities! Nestled in a tranquil neighborhood w/ access to all the amenities that Fountain Hills has to offer, including seasonal art/wine festivals, Fountain park, dining and the iconic Fountain.

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12520 E Crystal Forest -- Gold Canyon, AZ 85118

$580,000

4 Beds

3.5 Baths

2,464 SqFt

Status Active

MLS # 6756661

Property Type Single Family Residence

Price Type --

You'll LOVE this beautiful home in Peralta Canyon! Providing 4 beds, 3.5 baths, 2-car garage, & a low-care landscape. Just off the front entry is the versatile den! Continue onto the spacious open layout paired with elegant light fixtures, tile flooring, designer paint, abundant natural light, and multi-sliding doors to the back. The gourmet kitchen boasts sleek SS appliances, quartz counters, mosaic tile backsplash, ample espresso cabinetry, a walk-in pantry, and a prep island w/breakfast bar. Berber carpet in the bedrooms! Primary bedroom has an ensuite with two vanities & a walk-in closet. One other bedroom also includes its own bathroom. Discover the charming backyard, offering a covered patio, well-laid pavers, artificial turf, & a fireplace area w/built-in seats.

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18003 N 135th Drive Sun City West, AZ 85375

$580,000

4 Beds

2 Baths

2,634 SqFt

Status Active

MLS # 6735710

Property Type Single Family Residence

Price Type --

Beautiful,completely remodeled 4 Bedroom/2 Bath home with paid off solar! All of the details have been thought through making it stylish, warm and functional. The home is perfect for entertaining or a quiet night by the cozy, electric fireplace. All work was permitted and completed by licensed, bonded, and insured contractors. New Wndows, Electrical, Plumbing, Fixtures, Paint, Flooring, ductwork, courtyard tile, Appliances and more. Roof was replaced in 2020 and HVAC in 2019. Enjoy all of the amenities that the 55+ Sun City West provides! The new owner(s) will be able to pick out a backsplash of their choice for the kitchen and it will be installed by close of escrow.

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306 N Nevada Way Gilbert, AZ 85233

$580,000

3 Beds

2 Baths

1,868 SqFt

Status Active

MLS # 6760244

Property Type Single Family Residence

Price Type --

What a Great Location! One house away from the Community Park and Backing to McQueen Park and Activity Center. This Single Level Home includes 3 Bedroom Plus a Den/Office and 2 Full Bathrooms. The Vaulted Ceilings and Architectural Arches and Niches really Open Up the Floorplan and make the House Feel Much Bigger. The Kitchen Opens up to the Living Room, has Lots of Counter Space and a Breakfast Bar. The Primary Suite is Split from the other Two Bedrooms and Includes a Vaulted Ceiling, Two Sinks, Walk-in Shower, Roman Tub and Large Walk-in Closet. Upgraded Anderson Sliding Patio Doors. The Backyard Includes a Covered Patio, Open Patio Area and Synthetic Grass. The Garage has Epoxy Floors and Built-in Cabinets. Seller Offering $10,000 towards Buyer Closing Costs if closed by November 10th.

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16972 W Alice Avenue Waddell, AZ 85355

$580,000

4 Beds

3 Baths

2,788 SqFt

Status Active

MLS # 6763393

Property Type Single Family Residence

Price Type --

This better-than-new 4-bedroom + Den, 3-bathroom home is nestled in a peaceful community with no homes behind, offering ample privacy. Conveniently located near shopping, dining, and entertainment, you'll have everything you need just minutes away. Whether you're looking for a primary residence or an income generating property, this home is perfect - currently operating as an established Airbnb. It features a family room and upstairs loft, highlighted by fresh interior paint, soft carpet and wood-look tile flooring. The oversized primary bedroom on the main floor has an oversized ensuite bathroom with double sinks and a walk-in shower. The kitchen offers a pantry, granite countertops, a kitchen island and an eat-in dining area. The exterior features a covered patio and lush real grass!

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31305 N 26th Drive Phoenix, AZ 85085

$580,000

4 Beds

3 Baths

2,118 SqFt

Status Active Under Contract

MLS # 6755957

Property Type Single Family Residence

Price Type --

Home has been lovingly cared for. 4 bedrooms and 3bath +Den . Well laid out floorplan - Front bedroom perfect for guest, live in nanny or perfect for parent. Large additional office/study or xtra area for TV room. Enter spacious great room - which looks out over Spacious Paver Patio. Backyard is like stepping into a Private Oasis. Kitchen has a Center station to serve as a Breakfast Bar or Cooking area for the Chef of the family. Kitchen includes walk-in panty and a Butler area for all your Kitchen Gadgets Bosch Dishwasher - Central vac , Security System- Assumable Cost Saving Solar, Rarely seen full Gutters, Ex Large Garage w/ suspended storage. minutes from Hwy 17, TSMC, Newer Frys Market place, Lake Pleasant Location Location. Come Take a Look & Fall in Love

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9401 S 51st Street Phoenix, AZ 85044

$580,000

4 Beds

3 Baths

2,677 SqFt

Status Active

MLS # 6647719

Property Type Single Family Residence

Price Type --

NEW Roof**NEW kitchen stainless appliances, and pull out drawers in all lower cabinets*** NEW water heater*** NEW fresh paint interior*** blinds on all windows, custom closets in master bedroom and bedroom 2 ** Elegant golf course home boasts a spacious island kitchen wit. The windows offer views of the landscaped turf yard. Vaulted ceilings and custom shutters are featured throughout. The upstairs primary bedroom suite includes a balcony with views of the 7th fairway. Additional amenities include a living room fireplace and hardwood floors. With one bedroom downstairs, golf and gym memberships available, and surrounding hiking trails, there's plenty to enjoy. The 3rd car garage can be converted back to a garage. This beautiful home is move-in ready for your client

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3131 N Central Avenue Unit 6016 Phoenix, AZ 85012

$580,000

2 Beds

2 Baths

1,125 SqFt

Status Active

MLS # 6416509

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 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. Enjoy the views over the pool and common areas from the spacious balcony. 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.

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