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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26028 N 66th Drive Phoenix, AZ 85083

$570,000
4 Beds
3 Baths
2,119 SqFt
Status Active
MLS # 6757394
Property Type Single Family Residence
Price Type --
Location, location, location! Attention: Seller is offering a $10,000 credit at closing towards buyer updating and/or upgrades! This home has it all! In demand north Phoenix Eagle Ridge location with mountain views! Homes do not come up for sale frequently in this idyllic neighborhood. Close to shopping, schools, and parks. Multi-level open floor plan with expansive vaults and skylights to let in lots of light. Recently updated primary bath with huge walk in shower. Large yard and covered patio for entertaining. Inviting pebble-tec pool with beautiful water feature will captivate you! Outdoor southwest style fireplace to enjoy under the star filled sky at night while you grill at the built in BBQ. Large 3 car garage with expansive cabinets for storage. The main level has a co The main level has a convenient 4th bedroom for guests or as an in home office. The heart of the home, the kitchen, features multiple pantries with abundant storage and pull out drawers in convenient locations, as well as easy access to both the living room and family room. Newer high efficiency AC and air handler installed by current owner as well as water heater. This home has energy saving feature upgrades as well with newly installed premium Andersen windows with a transferable warranty and a fully owned 5KW solar system to keep your energy bills low. Durable bamboo and tile flooring in all the high traffic areas of the home as well. Your new home awaits you!

21093 E Pecan Lane Queen Creek, AZ 85142

$570,000
4 Beds
2.5 Baths
2,105 SqFt
Status Active
MLS # 6772321
Property Type Single Family Residence
Price Type --
SPECTACULAR HOME with PICTURESQUE views of the San Tan Mountains on a premium lot that backs to the greenbelt. This open floor plan is an entertainers DREAM for both inside/outside living! You will love the fully remodeled, exquisitely designed kitchen with massive island, quartz countertops and tons of cabinet space. CUSTOM touches throughout including accent walls and barn door. Huge master suite on east wing features MASSIVE closet and large walk in shower. Low maintenance resort style backyard with a salt water pool. This coveted community features soccer fields, sand volley court, basketball courts and multiple play areas. Close to so many new entertainment and dining options and the new 24 freeway. This is the one you have been waiting for to move in and make YOURS!

925 N Blue Marlin Drive Gilbert, AZ 85234

$570,000 - 4Br/2Ba -  for Sale in Park Village Unit 4, Gilbert
Open House
$570,000
4 Beds
2 Baths
1,798 SqFt
Status Active
MLS # 6756924
Property Type Single Family Residence
Price Type --
Welcome home to this updated 4-bedroom, 2-bathroom property in a prime Gilbert location! Inside, you'll discover updated luxury vinyl plank flooring, and a modern kitchen featuring stone counters, all bathed in natural light. New paint in 2024! The master bedroom boasts a walk-in closet and a separate bath and shower with dual sinks. The backyard is perfect for entertaining, complete with a sparkling blue pool and turf. Plus, there's ample storage space with two powered sheds. Grass seed has been planted in the front yard. Enjoy being just 5 minutes away from Dana Park and 8 minutes from Downtown Gilbert, with easy access to the 60 for convenient travel around the Valley.

17831 N 130th Avenue Sun City West, AZ 85375

$570,000 - 4Br/2Ba -  for Sale in Sun City West Unit 9, Sun City West
Open House
$570,000
4 Beds
2 Baths
2,394 SqFt
Status Active
MLS # 6703110
Property Type Single Family Residence
Price Type --
Come see this completely renovated 4 Bedroom/2 Bath home with paid off solar! No detail was missed in this stunning 2394 square foot property. All work was permitted and completed by licensed, bonded, and insured contractors. Updates include: New Windows, Electrical, Plumbing, Fixtures, Paint, Flooring, ductwork, courtyard tile, and Appliances. From the new flooring to the kitchen upgrades, you don't want to miss out on the opportunity to tour this home! Enjoy all of the amenities Sun City West provides! The new owner(s) will be able to pick out their new backsplash for the kitchen and installed by our contractor.

2471 E Stacey Road Gilbert, AZ 85298

$569,999
4 Beds
3 Baths
2,121 SqFt
Status Active
MLS # 6739474
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the highly sought-after community of ADORA TRAILS in Gilbert! This single story home has 4-bedrooms, 3-full baths, a Den/Flex space & sits on a desirable corner lot. As you step inside, you'll be greeted by an open & inviting floor plan, perfect for modern living & entertaining. The 2nd guest bedroom, full bath & den'/flex space are perfectly appointed off the foyer of the home. The kitchen features granite countertops, ample cabinet space, a kitchen island with pendulum lighting & breakfast bar seating that seamlessly flows into the formal dining area & spacious family room complete with a 12' sliding glass door, overlooking the expanive covered patio. The primary suite has everything you could ask for complete with on on suite bath with dual sinks.... seperate shower/tub, a private toilet room & spacious walk in closet. The 3rd & 4th bedrooms are accompanied by their own full bath, making this home the perfect floorplan for a family, residents that work from home and/or someone who likes to entertain with guests! Outside, the easy maintenance front yard is perfectly designed & the backyard is complete with desert rock & ready for a new owner to create their dream oasis. Nestled at the base of the majestic San Tan Mountains, this family-friendly neighborhood offers the perfect blend of natural beauty & modern convenience. Residents of the master planned community of Adora Trails enjoy access to a wealth of community amenities including: 10-Acre Neighborhood Park, 12 Miles of Walking Trails, 10,000 Sq. Ft. Clubhouse/Activity Rooms, Fitness Center, Community Swimming Pool, Water Playground, Adora Trails Lake Featuring Fresh Water Fishing, Picnic Tables, Grilling Stations, Shaded Ramadas Playgrounds & Championship Basketball Courts.

14041 W Monte Vista Road Goodyear, AZ 85395

$569,999
3 Beds
2.5 Baths
2,342 SqFt
Status Active
MLS # 6746730
Property Type Single Family Residence
Price Type --
Welcome to this stunning home in the highly desirable, gated Vistas at Palm Valley, a vibrant golf course community with fantastic amenities, including a pool, playgrounds, sports courts, and scenic walking trails. Plus, you're just minutes from great restaurants and shops. This home offers excellent curb appeal with charming stone accents, a 3-car garage, and a gated courtyard. Step inside to an open floor plan with tall ceilings and windows, luxury vinyl plank flooring, and tons of natural light! The chef's kitchen is a dream: gas cooktop, wall oven, quartz countertops, subway tile backsplash, recessed and pendant lighting, and a large island with breakfast bar seating. See more.. The owner's retreat is a peaceful sanctuary with a spa-like ensuite featuring double vanities, walk-in shower, freestanding bathtub, and a big walk-in closet. The expansive backyard includes a covered patio, pergola, and low-maintenance artificial turf, perfect for entertaining!

4324 W Orchid Lane Glendale, AZ 85302

$569,999
3 Beds
2 Baths
2,237 SqFt
Status Active
MLS # 6755871
Property Type Single Family Residence
Price Type --
A stunning and completely renovated home boasts an open floorplan, 3 bedrooms, 2 bath and a Den with 2237 sqft, 2 car garage with a large backyard RV gate & parking, large lot room for all the toys and a sparling pool with covered patio. The kitchen comes with stainless-steel appliances, quartz countertops and brand-new white shaker cabinets. Brand new vinyl wood flooring & upgraded carpet throughout the home. Enjoy the fully upgraded, spa like bathrooms with high end shower system, framed mirrors, shower niche, and custom vanities. Brand new water heater. Located in a lovely desirable neighborhood located close to shopping, parks, schools, and dining. No HOA's A Must see

2937 E Osborn Road Phoenix, AZ 85016

$569,999
3 Beds
3 Baths
1,500 SqFt
Status Active
MLS # 6719015
Property Type Single Family Residence
Price Type --
Welcome home to an amazing turn key home with A DETACHED 1/1 GUEST HOUSE is now available! 2 properties! Great for an investor or live in the main house and rent out the casita! Upgrades in the last 4 years include new sewer lines, new main water line, new air conditioning units in casita and primary suite in the main house, new washer, dryer and dishwasher! Both kitchens and all three bathrooms have been recently updated, including quartz countertops. Casita can be sold FULLY FURNISHED, so it's ready to start renting immediately. Come take a look! Great STR and LTR potential, reach out to agent for financials!

11950 W Parkway Lane Avondale, AZ 85323

$569,995
4 Beds
2 Baths
2,370 SqFt
Status Active
MLS # 6741755
Property Type Single Family Residence
Price Type --
Welcome to this exciting Raleigh home, ready for quick move-in! Included features: a covered entry; a gourmet kitchen offering 42' cabinets, quartz countertops, stainless-steel appliances, an island, and large butler's and walk-in pantries; an open dining nook; an impressive great room with center-meet patio doors; a beautiful primary suite showcasing a sizable walk-in closet and a private bath with double sinks; a spacious study; three secondary bedrooms with a shared bath; a central laundry and a cheerful covered patio. This home also boasts soaring 10' ceilings, wood laminate flooring, cultured marble bath countertops, extra windows and ceiling fan prewiring in select rooms, front yard landscaping and concrete pavers at the driveway and walkway.

11941 W Parkway Lane Avondale, AZ 85323

$569,995
4 Beds
3 Baths
2,370 SqFt
Status Active
MLS # 6762180
Property Type Single Family Residence
Price Type --
Explore this dynamic Raleigh home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; an impressive guest suite; a gourmet kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a double oven, a walk-in pantry and a center island; an open dining area; an expansive great room with center-meet doors leading onto a charming covered patio; a beautiful primary suite showcasing an immense walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a mudroom and a 3-car garage. This home also offers stone tile flooring, additional windows and ceiling fan prewiring in select rooms as well as airy 10' ceilings throughout.

16364 W Avenida Del Sol -- Surprise, AZ 85387

$569,995
4 Beds
3 Baths
2,570 SqFt
Status Active
MLS # 6724796
Property Type Single Family Residence
Price Type --
Thoughtfully designed 4-bedroom home with 3 baths and 10-foot ceilings. Deluxe master bath with walk-in shower, Gourmet kitchen includes 42-inch upgraded cabinets, and a center-meet slider at kitchen nook, paver driveway, walkway to entrance, laundry sink pre-plumb and an impressive tray ceiling entrance.

11949 W Parkway Lane Avondale, AZ 85323

$569,995
4 Beds
3 Baths
2,570 SqFt
Status Active
MLS # 6761571
Property Type Single Family Residence
Price Type --
Explore this stunning Celeste home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry with a tray ceiling; a quiet study; a gourmet kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a double oven, a walk-in pantry and a center island; an open dining area; a spacious great room boasting center-meet doors leading onto a relaxing covered patio; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a mudroom and a 2-car garage. This home also offers stone tile flooring, additional windows and ceiling fan prewiring in select rooms as well as airy 10' ceilings throughout.

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