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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235 S Criss Street Chandler, AZ 85226

$464,000
3 Beds
2 Baths
1,290 SqFt
Status Active
MLS # 6696907
Property Type Single Family Residence
Price Type --
Discover this 3-bedroom, 2-bathroom home in one of Chandler's prime locations! Situated just minutes from Chandler Mall and major freeways, this residence combines comfort and convenience with easy access to shopping, dining, and entertainment options. Inside, a welcoming atmosphere will greet you with neutral tones, vaulted ceilings, and a cozy fireplace. The primary bedroom offers ample space with a walk-in closet, private bathroom, and separate exit to the backyard. Outside, you'll find landscaped grounds complete with mature plants, a large patio, and a lush turf lawn. Come and experience the best of Chandler living!

20066 N Golden Barrel Drive Surprise, AZ 85374

$464,000
2 Beds
2 Baths
1,936 SqFt
Status Active
MLS # 6612237
Property Type Single Family Residence
Price Type --
''Welcome to this meticulously maintained single-owner residence, boasting an expansive layout that exudes an airy ambiance. Featuring two generously sized bedrooms, this home offers an entertainer's delight with its seamless open concept design. The kitchen is adorned with stainless steel appliances, ample countertop space, and abundant cabinet storage, complemented by a formal dining area. Additionally, the generously proportioned office/den presents versatility, potentially serving as a third bedroom. Step outside to the inviting back patio, perfect for unwinding and savoring the serene beauty of Arizona winters. Completing this exceptional property is a spacious two-car garage, providing ample storage and convenience.''

811 E Gold Dust Way San Tan Valley, AZ 85143

$464,000
4 Beds
3 Baths
2,287 SqFt
Status Active
MLS # 6668067
Property Type Single Family Residence
Price Type --
Prepare to be amazed! This fabulous 4 bed, 3 bath Centex built residence is the one you've been looking for! Stunning curb appeal, easy-care front yard, and a 2.5 car garage w/paver driveway and entry are just the beginning! The interior boasts a cozy living area w/soft carpet in all the right places, high ceilings, modern light fixtures, and designer palette throughout. Hone your cooking skills in this gorgeous kitchen, comprised of ample cabinetry w/granite counters, a pantry, stainless steel appliances, and an quarts island complete w/a breakfast bar. Upstairs you'll find a perfectly-sized loft, where you can enjoy a relaxing Sunday evening! The primary bedroom features a walk-in closet and lavish ensuite w/dual sinks for added comfort. The expansive backyard includes a covered patio and large grassy area; the perfect place for spending quality time w/friends and loved ones! The community comes with 3 pools, tennis courts, and soon it will have pickleball courts and a splash pad!

18782 E Elizar Drive Gold Canyon, AZ 85118

$463,995
3 Beds
2.5 Baths
2,070 SqFt
Status Active
MLS # 6695224
Property Type Single Family Residence
Price Type --
Entrada del Oro in the Superstition Mountains: A serene desert escape with breathtaking, rugged beauty. Perfect for sunrise and sunset admirers.

10838 W Grant Street Avondale, AZ 85323

$463,995
4 Beds
2 Baths
1,860 SqFt
Status Active
MLS # 6694032
Property Type Single Family Residence
Price Type --
Discover this stunning Sunstone home, ready for quick move-in! Included features: a private study; a spacious great room overlooking a serene covered patio; a dining nook; a thoughtfully designed kitchen boasting 42'' upper cabinets, quartz countertops, a walk-in pantry, a center island and stainless-steel appliances, including a gas range; a central laundry; and a lavish primary suite showcasing dual walk-in closets and an attached bath. This home also has upgraded stone tile flooring, cultured marble bathroom countertops, ceiling fan prewiring, front yard landscaping and a concrete-paver driveway and walkway.

7909 E Dartmouth Street Mesa, AZ 85207

$463,900
4 Beds
2 Baths
1,403 SqFt
Status Active
MLS # 6642855
Property Type Single Family Residence
Price Type --
Welcome to this updated gem in a well-kept neighborhood, free from HOA fees! This home boasts a spacious great room floorplan, complete with new wood-like flooring, fans, and fixtures. The kitchen shines with fresh white shaker cabinets, black hardware, Quartz tops, and brand new stainless steel appliances. Both bathrooms have been updated with new vanities and Quartz tops. The large backyard invites creativity, offering space for a potential pool or other additions. With spacious bedrooms, a roomy laundry area with extra storage, vaulted ceilings, and an abundance of natural light. Conveniently located just minutes away from parks and the Viewpoint Golf Course.

45233 W Jack Rabbit Trail Maricopa, AZ 85139

$463,900
4 Beds
3 Baths
2,874 SqFt
Status Active
MLS # 6656384
Property Type Single Family Residence
Price Type --
Experience Maricopa living with this beautiful 4-bedroom, 3-bath home, designed for comfort and convenience. Situated in the quiet Alterra neighborhood, this home offers over 2,870 square feet of contemporary living space, designed to cater to your unique lifestyle. Step inside and discover the inviting warmth of the open floor plan with multilevel spaces and a great layout. At the heart of the home is a stunning modern kitchen that features maple cabinets, stainless steel appliances, and ample granite counter space, spacious pantry and island. Retreat to the luxurious primary bedroom suite, boasting a spacious bathroom and a generous walk-in closet, providing the perfect escape after a long day. With three additional bedrooms, there is ample space for family, guests... or the flexibility to create the ultimate home office or hobby room. Step outside and discover your own private oasis, where days are spent basking in the Arizona sunshine beside the sparkling blue pool, surrounded by desert landscaping and ample space for outdoor entertaining. Whether hosting summer barbecues with friends or enjoying quiet evenings under the stars, this backyard offers endless opportunities for relaxation and more. The spacious 3-car garage, provides ample storage for vehicles, outdoor gear, and more. The downstairs guest bedroom and adjoining bath offers versatility, serving as a private retreat for guests or a home office. Located in the heart of Maricopa, this home offers convenient access to a wealth of amenities and attractions. Explore nearby Copper Park, where lush green spaces, playgrounds, and sports courts await, or indulge in a night of entertainment at Harrah's Ak-Chin Hotel/Casino, just moments away. With a variety of restaurants, shopping destinations, and recreational opportunities within easy reach, you'll find everything you need right at your doorstep. Living in Maricopa, just 16 miles from Chandler, offers the advantage of easy access to a larger city with additional amenities, employment opportunities, and entertainment options while still enjoying the more relaxed pace and affordability of Maricopa. More than just a home, this is a lifestyle - a place where memories are made, and every day is an opportunity for new adventures. Don't miss your chance to make this stunning home all yours today - discover the true meaning of Arizona living.

19604 W Cambridge Avenue Buckeye, AZ 85396

$463,010
3 Beds
2 Baths
2,070 SqFt
Status Active
MLS # 6683060
Property Type Single Family Residence
Price Type --
Discover this ranch-style Agate home, ready for quick move-in! Included features: a covered entry; a large flex room; a corner kitchen boasting an alternate layout, 42'' cabinets, stainless-steel appliances, an island and an adjacent dining room; an inspired great room; a serene primary suite showcasing a sizable walk-in closet and a private bath with double sinks; a central laundry; two secondary bedrooms; a full shared bath and a charming covered patio. This home also offers 7'' x 22'' stone tile flooring, cultured marble bath countertops, ceiling fan prewiring and additional windows in select rooms, coach lights, front yard landscaping and concrete pavers at the driveway and walkway.

15576 W Coral Pointe Drive Surprise, AZ 85374

$463,000
2 Beds
2 Baths
1,712 SqFt
Status Active
MLS # 6672695
Property Type Single Family Residence
Price Type --
Your garden oasis awaits! Surrounded by mature foliage which comes live under the sun offering plenty of shade. Well-lit for entertaining or enjoy relaxing in this peaceful garden. Professionally maintained 8-person hot tub also instills relaxation. Custom tile floors enhance this 2 bedrm, 2 bath home. Spacious kitchen looks toward the backyard; beverage ''bar'' included. Gas: stove, heat, dryer & custom BBQ. Primary bedrm & bath boasts a walk-in, standard wall & linen closet, 2 sinks, & step-in shower. 2 hallway closets. Indoor laundry leads to extended 2 car garage w/ double sided wall cabinets. Owned water softener. Irrigation upgraded & automated. Backyard fenced w/ 2 gates. Front enclosed courtyard is gated. Roof inspection 2/24. Come live a lush, relaxing Grand lifestyle!

20320 N Palm Canyon Drive Surprise, AZ 85374

$463,000
2 Beds
2 Baths
1,627 SqFt
Status Active
MLS # 6695366
Property Type Single Family Residence
Price Type --
Dream home on oversized corner lot with LAKE & GOLF COURSE VIEWS from the front courtyard, den & breakfast nook! NEW TRANE HVAC (2022), interior paint, luxury vinyl floors, 5'' baseboards & LED lights. The kitchen is a chef's paradise boasting ALL NEW SS appliances including oven w/air fryer & convection, Corian counters, & tastefully painted cabinetry. Updated hall bath has NEW vanity w/quartz counter, mirror, light, & modern toilet. Retreat to Primary bdrm w/charming bay window & skylight in bath. Laundry is a breeze w/NEW Maytag front load washer/dryer on pedestals, cabinets & sink plumbing. NEW PELLA slider leads to spacious patio w/pony wall for privacy. Extd garage w/NEW Water Softener (2022), cabinets, painted floor, NEW garage door & opener (2023) & NEW water heater (2017).

19636 W Cambridge Avenue Buckeye, AZ 85396

$462,995
4 Beds
3 Baths
2,070 SqFt
Status Active
MLS # 6646619
Property Type Single Family Residence
Price Type --
Explore this impressive Slate home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; an open dining area; a well-appointed kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a roomy pantry and a center island; a spacious great room; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a central laundry; a convenient storage area; a covered patio and a 2-car garage. This home also offers stone tile flooring, ceiling fan prewiring and additional windows in select rooms.

15562 W Hackamore Drive Surprise, AZ 85387

$462,770
4 Beds
2 Baths
1,837 SqFt
Status Active
MLS # 6696951
Property Type Single Family Residence
Price Type --
Move-in Ready NEW HOME. Discover this exquisite 3501 floor plan boasting 3 bedrooms, 2 baths, and a 2-car garage, complete with all appliances! This home is adorned with a myriad of upgrades, featuring stone-gray cabinets with hardware, quartz kitchen countertops, a bespoke full kitchen backsplash design, a spacious kitchen island, a large single stainless steel bowl sink, stainless steel appliances, a gas range, tile flooring, a tankless hot water heater, 9' ceilings, 8' interior doors, a soft water loop, a comprehensive smart home package, an enhanced electrical package with cat 6 wiring, pre-wired ceiling fans in all bedrooms, the great room, and patio, pre-wiring for pendant lights at the kitchen island, a garage keyless entry pad, and much more!

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