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.

What’s Your Home Worth?

Search for Your New Home

3055 N 33rd Place Phoenix, AZ 85018

$569,000
4 Beds
2.5 Baths
2,108 SqFt
Status Active Under Contract
MLS # 6725209
Property Type Townhouse
Price Type --
Beautiful newer townhome in a quiet gated community centrally located near Biltmore and Arcadia - close to restaurants, shopping, entertainment and just 10 minutes to downtown Phoenix and Sky Harbor International Airport. First floor has an open floorplan with high ceilings and wood plank tile flooring, Kitchen has a large island with bar seating, granite counters, large pantry, and bay window dining area. It is open to the family room, which has an oversized triple sliding glass door leading out to a covered patio and pavered backyard. Oversized garage has separate side yard exit. Upstairs you enter a huge loft space with vaulted ceiling. 4 bedrooms are split from each other for added privacy - Master at one end, two bedrooms at the other end and the fourth halfway between.

2655 E Estrella Street Gilbert, AZ 85296

$569,000
4 Beds
2 Baths
1,917 SqFt
Status Active
MLS # 6725471
Property Type Single Family Residence
Price Type --
BACK ON MARKET WITH A BRAND NEW ROOF AND HVAC - This beautiful home is in the Greenfield Lakes Golf Course Community in Gilbert, AZ! Minutes from San Tan Village, offering great shopping, dining, Top Golf, and the unique Agritopia. This property features high ceilings, elegant flooring, and ceiling fans throughout. Enjoy a spacious, low-maintenance front yard with artificial grass and a generous backyard. The large eat-in kitchen, with a breakfast bar and open layout, is perfect for gatherings. The 3-car garage includes built-in cabinets and an additional laundry room. Stainless steel appliances, washer, and dryer are included. Located in the highly sought-after Gilbert School District, this home is near the community park playground.

2460 S Apache Drive Chandler, AZ 85286

$569,000 - 4Br/3Ba -  for Sale in Clemente Ranch Parcel 18, Chandler
Open House
$569,000
4 Beds
2.5 Baths
1,975 SqFt
Status Active
MLS # 6727216
Property Type Single Family Residence
Price Type --
Brand new roof, new HVAC, new stove/oven/microwave! This charming 4 bedroom and 2.5 bathrooms, is nestled in the heart of Chandler, a community celebrated for its parks, top-rated schools, and great dining. The kitchen offers access to each room on the main floor and the living areas are perfect for cozy family gatherings! The master suite offers a bright ensuite bathroom and a walk-in closet. Outside offering a covered patio ideal for al fresco dining, low-maintenance landscaping, and a refreshing pool! Close to major freeways, conveniently located near shopping, dining, and Chandler Fashion Center.

7825 W Rovey Avenue Glendale, AZ 85303

$569,000
4 Beds
2 Baths
2,694 SqFt
Status Active
MLS # 6731089
Property Type Single Family Residence
Price Type --
This Beautiful home located in Tessera's gated community features *4 Bathrooms *2 Baths, Formal Living Room with Dining Room *Family Room*Granite counter*Tile floors in all common areas*Extended 3 car garage*Additional 4th Garage conditioned as workshop or can be used to store extra toys.*Lots of space for entertainment for large family*Beautiful front landscape with mature trees*RV Gate *Pavers/concrete laid out for RV parking Front/back yard*Across from Community Park*

5720 S Wildrose -- Mesa, AZ 85212

$569,000
2 Beds
2 Baths
1,818 SqFt
Status Active
MLS # 6731718
Property Type Single Family Residence
Price Type --
Discover elevated living in the stunning 55+ Encore community. This Manhattan model home is nestled on a desirable corner lot beside a tranquil park. From the moment you arrive, curb appeal captivates with lush surroundings. Inside, soaring ceilings and an extended great room create a sense of openness, while the private study offers a perfect space to unwind or work. The gourmet kitchen boasts a massive island and walk-in pantry, ideal for any culinary endeavor. Outside, relax on your extended porch or covered patio adorned with travertine, or challenge yourself on the 4-hole putting green. The 2.5 car garage, with epoxy floors and built-in cabinets, completes this thoughtfully designed retreat.

2527 W Brookhart Way Phoenix, AZ 85085

$569,000 - 3Br/3Ba -  for Sale in Dynamite Mountain Ranch Parcel 25-77b, Phoenix
Open House
$569,000
3 Beds
2.5 Baths
2,446 SqFt
Status Active
MLS # 6736947
Property Type Single Family Residence
Price Type --
Wake up to beautiful mountain views from the primary suite of your new home, where convenience meets natural beauty! There are 3 spacious bedrooms upstairs and an office conveniently located downstairs—perfect for work-from-home days or a hobby space. Don't forget the fantastic pool out back complete with a calming water feature. There's easy access to the AZ Canal Trail System, Deem Hills Rec Area, and the Sonoran Nature Preserve. On the filp-side you're close to shopping and entertainment with the Norterra Entertainment District just two miles away. Dive in, relax, and enjoy the sunny side of life in this wonderful home!

2332 W Arroyo Way San Tan Valley, AZ 85144

$569,000 - 4Br/3Ba -  for Sale in Morning Sun Farms Unit 4c 2013067837, San Tan Valley
Open House
$569,000
4 Beds
2.5 Baths
2,976 SqFt
Status Active
MLS # 6737790
Property Type Single Family Residence
Price Type --
Grand 4-bed, 2.5-bath home with a brand-new POOL. ''appx $50k Backyard Oasis '' Enjoy the extended Paved driveway that leads to the RV gate. Downstairs features low maintenance tile flooring, den/office space, the formal dining room & a desirable great room! The kitchen boasts built-in appliances, granite counters, mosaic tile backsplash, a walk-in pantry, recessed lighting, staggered cabinetry, and an island w/breakfast bar. For added functionality, this gem offers an upstairs loft! Main bedroom has an ensuite with dual sinks & a walk-in closet. Enjoy the large backyard, featuring an extended paver-covered patio, Ramada, putting green, & a sparkling pool w/travertine decking and water feature

13215 N 30th Place Phoenix, AZ 85032

$569,000 - 3Br/2Ba -  for Sale in Melrose Park Paradise Unit 2, Phoenix
Open House
$569,000
3 Beds
2 Baths
2,017 SqFt
Status Active
MLS # 6741305
Property Type Single Family Residence
Price Type --
Beautiful updated single level with diving pool is ready for a new owner. Nice open floorplan with formal living room, formal dining room, large great room with wood burning fireplace and a chefs delight for a kitchen. Newer rich wood grain cabinets, granite counters, center island,self closing drawers, and stainless appliances. The primary suite features remodeled bath and separate entrance to the pool out back. good size bedrooms- *3rd bedroom was designed to be two separate bedrooms, so double the size. AC was replaced in 2016, and a complete new roof (tear-off and extra sheathing) in July of 2024, newer double pane windows with blinds. Great location to Hwy 51/101 and shops/theaters close by.

20971 N 80th Lane Peoria, AZ 85382

$569,000
4 Beds
2.5 Baths
2,512 SqFt
Status Active Under Contract
MLS # 6742265
Property Type Single Family Residence
Price Type --
Welcome to your future home in the desirable Fletcher Heights neighborhood! This spacious family residence offers 4 bedrooms, 3 bathrooms, and a 3-car garage. The master bathroom is a dream with deep tub, make up vanity, separate shower, leading in to a huge walk in closet. Updated by previous owners in 2022, this house has been further enhanced with fresh paint, a new hot water heater, new stainless steel appliances, and OWNED SOLAR for energy efficiency. Situated on an oversized cul-de-sac lot, this prime location provides easy access to the 101 freeway, shopping, and dining options. Don't miss the opportunity to make this modern, well-appointed home yours!

240 W Dorado Circle Litchfield Park, AZ 85340

$569,000
3 Beds
2.5 Baths
1,672 SqFt
Status Active
MLS # 6743546
Property Type Single Family Residence
Price Type --
Welcome to this beautifully remodeled 3-bedroom, 2.5-bath home in the highly sought-after neighborhood of Old Litchfield Park. This exceptional property offers NO HOA and is short-term rental friendly, making it an ideal choice for both homeowners and investors. The home features exquisite Spanish-inspired touches throughout, offering a unique blend of elegance and comfort. In 2024, the kitchen and bathrooms were fully remodeled with designer touches that elevate every space. The heart of the home is the spacious eat-in kitchen, perfect for family gatherings and entertaining. It boasts a walk-in pantry, a convenient pot-filler faucet over the stove, and ample space for all your culinary needs. Adjacent to the kitchen is a separate office, ideal for remote work or as a quiet study. The primary suite is a true retreat, featuring a remodeled bathroom with a large, luxurious shower that adds a touch of spa-like serenity. The living area is highlighted by a beautifully designed fireplace, creating a warm and inviting atmosphere. Step outside to discover two stunning new pergolas on both the front and back patios, perfect for outdoor dining and relaxation. The property also features a beautifully crafted designer side gate that enhances the home's curb appeal. The large diving pool offers a perfect oasis for relaxation and entertainment. This home has been maintained, with a newer flat roof, hot water heater, and pool pump all replaced in 2020, ensuring peace of mind for years to come. Located just a short walk from Stagg's Park, Litchfield's Lake, the Recreational Center, and the iconic Wigwam Resort, this home offers a perfect balance of luxury and convenience. Don't miss the opportunity to make this exceptional property your own!

6065 E Red Bird Lane San Tan Valley, AZ 85140

$569,000
3 Beds
2 Baths
1,513 SqFt
Status Active Under Contract
MLS # 6745735
Property Type Single Family Residence
Price Type --
What a rare opportunity to own this beautiful ranch-style home nestled on a HUGE 1.1-acre lot! This fully fenced property offers 3 beds, 2 baths, RV gates, & a 2-car garage and driveway. Home exudes modern style with tons of natural light, neutral paint, & wood-look tile w/carpet in bedrooms. You'll LOVE the seamless design of an open layout, made bright & airy by vaulted ceilings! Main bedroom boasts a walk-in closet & an ensuite. Need space for relaxing? The front porch & back-covered patio await you! The expansive backyard also provides a dog run w/lush lawn. Bring your toys, RVs, horses, & other animals—this property has plenty of space! What a GEM! Lock this home in with our exclusive MTR Special Finance Program through our preferred lender. Reach out for more information.

2409 W Acoma Drive Phoenix, AZ 85023

$569,000
4 Beds
3 Baths
2,557 SqFt
Status Active Under Contract
MLS # 6746657
Property Type Single Family Residence
Price Type --
Beautifully maintained, energy-efficient home features owned solar panels, RV gate + parking, a charming front yard & inviting entry to start. Step inside to travertine & wood floors stretching across an open layout w/ vaulted ceilings. Additional upgrades include plantation shutters throughout, an open & spacious kitchen equipped w/ stainless steel appliances, granite counters, tile backsplash, breakfast bar & a whole house water filtration system. The spacious main suite boasts its own fireplace, sitting/office area, direct backyard access, & a private bathroom featuring dual sinks + a walk-in closet. The large laundry room has built-in cabinets & a utility sink. This is one of the largest single stories in the neighborhood that has 2 en suites. Pool has motorized safety cover. Outside, the sizable backyard boasts a covered patio, two sheds, a spa, refreshing pool, and ample space for lively barbecues. Don't miss this delightful haven!

Leave a Reply

Your email address will not be published.