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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6812 S Hardy Drive Tempe, AZ 85283

$575,000

4 Beds

2 Baths

2,237 SqFt

Status Active

MLS # 6770066

Property Type Single Family Residence

Price Type --

Incredible 4 bedroom home on a 1/3 acre lot in a quiet Tempe neighborhood. Upgrades include Alder wood cabinets and slab granite counters. Newer stainless steel appliances. Tons of tile. Split bedroom plan, roomy master closet with built ins. 4th bedroom is 11 x 20 den option or 5th bedroom. Huge back yard with citrus trees and a great view of South Mountain. Close to all the major freeways, shopping/dining, Sky Harbor and ASU. SPA IS NOT OPERATIONAL AND CONVEYS AS IS

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10910 E Oro Avenue Mesa, AZ 85212

$575,000

2 Beds

2 Baths

1,922 SqFt

Status Active

MLS # 6766561

Property Type Single Family Residence

Price Type --

Discover the perfect retirement lifestyle in this inviting 2-bedroom, 2-bathroom home with a den, located in a sought-after 55+ community in Mesa, AZ. Designed with comfort and ease in mind, this home offers a relaxed and welcoming atmosphere ideal for those looking to enjoy their retirement years. This active adult community boasts incredible amenities, including a 27-hole executive golf course, perfect for both seasoned players and those just looking to enjoy a leisurely game. You'll also have access to top-tier recreational facilities, with clubs and activities tailored to your interests—whether it's Pickleball, Tennis, or Softball, there's something for everyone. Enjoy a vibrant social life, meet new friends, and participate in a variety of clubs and programs that keep your retirement to the fullest. This is more than just a homeit's your gateway to a fulfilling and active retirement!

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6063 W Pinon Way Pine, AZ 85544

$575,000

2 Beds

2 Baths

1,200 SqFt

Status Active

MLS # 6765502

Property Type Single Family Residence

Price Type --

Welcome to Pine Creek Canyon at the Portals II nestled in the Ponderosa Pines! The majestic views are breathtaking. This cozy 2 bedroom 2 bath home comes furnished. Extensive paver work recently done makes the entry to the home inviting and gives a fresh updated look. There is a newer AC/Heat Pump as well as a stone fireplace. You will have access to Portal II amenities such as basketball courts, shuffleboard, and tennis courts.

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804 N Wilderness Circle Payson, AZ 85541

$575,000

3 Beds

2 Baths

1,686 SqFt

Status Active

MLS # 6762747

Property Type Single Family Residence

Price Type --

This beautifully maintained and updated home is located in the Woodhill subdivision on a quiet cul-de-sac. The home offers large rooms, a split floor plan, a generous primary suite with an oversized closet, hickory extended cabinets, a breakfast bar, vaulted ceilings, and a large screened covered patio. It has new exterior paint, a new Electric Heat Pump, water heater, primary bathroom shower, beautiful luxury vinyl plank flooring, a roof replaced two years ago, and much more. You do not want to miss out on this perfect place to call your home!

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5921 S Tobin -- Mesa, AZ 85212

$575,000

3 Beds

2 Baths

1,832 SqFt

Status Active

MLS # 6762561

Property Type Single Family Residence

Price Type --

Located within the thriving community of Encore at Eastmark, this 1832 sq. ft split floor plan with 3 bed, 2 bath, extended 2 car garage, and great room is immaculate! Beautiful upgrades include: extensive wood plank tile, grey cabinetry, granite countertops, eat-in kitchen with a large island, stainless steel appliances with a gas range, walk-in pantry, tiled master shower and more! The backyard is private with low maintenance landscaping, a covered patio connected to the paved and turf yard. The 55 plus community features a 15,000 sq. ft clubhouse with a state-of-the-art fitness center, cardio room, fitness and dance studio, classroom, arts and crafts studio, library, internet café, billiards area, and a resort style pool with spa.

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4323 W Villa Theresa Drive Glendale, AZ 85308

$575,000

3 Beds

2 Baths

2,098 SqFt

Status Active

MLS # 6763477

Property Type Single Family Residence

Price Type --

The search is finally over! This coveted corner lot property greets you with a 2-car garage, an RV gate, a tasteful brick facade, and a paver walkway. You'll find a living room with new paint, a charming bay window, and new wood-look flooring. The great room has an inviting fireplace for relaxing evenings. Cook delicious meals in the kitchen, equipped with granite counters, ample wood cabinetry, a tile backsplash, stainless steel appliances, and a handy pantry. You'll also find a versatile den ideal for an office. The main bedroom includes sliding door access to the backyard for seamless indoor-outdoor living, a wakj0ub closet, and an ensuite with dual sinks. The backyard boasts a covered patio, pristine natural turf, and a pool for endless summer fun. Make this yours!

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15021 S 47th Street Phoenix, AZ 85044

$575,000

4 Beds

2 Baths

1,846 SqFt

Status Active

MLS # 6763249

Property Type Single Family Residence

Price Type --

Fall in love, this North-South-facing Former Model Home on a corner lot, offering stunning Sunrises & Sunsets in the desirable Ahwatukee Foothills neighborhood, w/ no HOA! Step inside to Vaulted Ceilings in the living room with Natural Lighting with all New Vinyl Windows Installed (2021). Custom Tile/Wood Flooring throughout flows to the open kitchen featuring designer backsplash tile, granite countertops, an eat-in bar that flows into the great room, w/ easy access to the backyard that has a covered patio, awnings, pavers, newer pebble tech pool (2018) upgraded pool equipment (2023). All the bedrooms have ceiling fans for efficient living The primary bedroom offers a large walk-in closet and a spacious bathroom has granite counter tops, stand-up shower, plenty of Linen cabinet space a sliding door leading to a backyard. This Home is Conveniently located near freeways, shopping, dining, and featuring a new HVAC Air Conditioner installed (2021)

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3549 W Denali Court Anthem, AZ 85086

$575,000

4 Beds

2.5 Baths

2,704 SqFt

Status Active

MLS # 6764368

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Anthem Parkside! This refreshed 4-bedroom residence combines elegance and functionality, featuring vaulted ceilings and a freshly painted interior. The modern kitchen showcases stainless LG appliances, a gas range, quartz countertops, and a walk-in pantry—perfect for any cook. Relax in the cozy family room by the fireplace or enjoy the inviting backyard with artificial turf, an extended patio, and an outdoor fireplace, ideal for entertaining. Upstairs, discover all four bedrooms, a hall bath with double sinks, and a convenient laundry room. Located in a quiet cul-de-sac, just steps from a pocket park and a short walk to the Daisy Mountain Trailhead, this home is a must-see!

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4429 E Del Rio Drive San Tan Valley, AZ 85140

$575,000

4 Beds

2.5 Baths

3,460 SqFt

Status Active

MLS # 6767453

Property Type Single Family Residence

Price Type --

A beautiful 4 bed, 2.5 bath in Laredo Ranch is now for sale! Nestled on a premium corner lot and boasting great curb appeal, a manicured landscape w/lush natural turf, and a 2 car tandem garage! Come inside to discover spacious dining & living areas w/tile flooring and trending palette throughout. Prepare delicious meals in this chef's kitchen comprised of staggered cabinetry w/crown moulding, granite counters, mosaic tile backsplash, pendant lighting, stainless steel appliances, and an island complete w/a breakfast bar. Upstairs you'll find a sizeable loft w/soft carpet, where you can spend a relaxing Sunday evening! Double doors open up to the primary bedroom, showcasing a mirrored walk-in closet, and a full ensuite w/dual sinks for added comfort. Don't forget about the large media room w/custom coffered ceilings! Lastly, the expansive backyard includes a covered patio, mature shade tree, and a sparkling blue pool! This is sure to be the home you've been looking for, hurry and act now!

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29502 N 126th Lane Peoria, AZ 85383

$575,000

4 Beds

2 Baths

2,285 SqFt

Status Active

MLS # 6767268

Property Type Single Family Residence

Price Type --

WELCOME TO YOUR NEW HOME! As you step through the beautiful, lush front yard, you'll immediately feel at home. Inside, enter through a wide foyer and spacious living room which flows seamlessly into the family room, just off the updated kitchen. The kitchen boasts granite counter-tops, a large island with a breakfast bar, and opens into a roomy breakfast nook. This home features a split floor plan with a generous primary bedroom, a large en-suite bath, a walk-in closet, and a stylish tiled shower. On the opposite side, you'll find three additional bedrooms and a full bath. Outside, enjoy a large grassy play area and a recently installed pool, perfect for relaxation or entertaining. Three car tandem garage and spacious inside laundry room add to the efficiency of this home. See it today

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4039 E Desert Marigold Drive Cave Creek, AZ 85331

$575,000

2 Beds

2 Baths

1,345 SqFt

Status Active

MLS # 6769129

Property Type Single Family Residence

Price Type --

Become the proud new owner of this updated, single-story haven in Tatum Ranch! Discover a large great room that maximizes space & provides a cozy fireplace & sliding glass doors to the back patio. Tall vaulted ceilings add to the airy feel, enhanced by new wood-look tile flooring, plantation shutters, new lighting & fresh new paint. In the updated kitchen, you'll find plenty of white cabinetry w/crown moulding, quartz counters, new SS appliances, & subway tile backsplash. The main retreat promises rest & rejuvenation, offering a walk-in closet & an ensuite w/dual sinks. As a bonus, this beauty boasts a flexible den ideal for an extra bedroom or media room. The relaxing backyard features an extended covered patio & artificial turf. Roof replaced in 2022 & A/C and water heater serviced 2024

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3935 E Rockwood Drive Phoenix, AZ 85050

$575,000

3 Beds

2.5 Baths

1,924 SqFt

Status Active

MLS # 6772320

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This beautifully maintained property features a bright and spacious layout, perfect for relaxation and entertaining. The heart of the home is the modern kitchen. Boasting sleek countertops, updated appliances, and ample cabinetry, it is a chef's delight. Step outside to your private backyard oasis, perfect for outdoor fun or quiet evenings under the stars. This backyard has everyting you need equipped with a covered patio, patio deck, and above-ground spa. Conveniently near the 51 and 101 freeways, you'll be just moments away from a variety of shopping and dining options at either Desert Ridge mall or the newly renovated PV mall. This home truly has it all! Don't miss your chance to experience the perfect blend of comfort and convenience. See it today!

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