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Browse the siteDecember 12 2017
They may have lost their house to foreclosure, but they didn't lose the desire to own their own home. Between 2006 and 2014, approximately 12.8 million homes entered the foreclosure process—almost 30 percent of all households with a mortgage. Of those, 9.3 million borrowers went through foreclosure, short sold their home, or received a deed in lieu, according to the National Association of Realtors.
Referred to as "boomerang buyers," this segment of the housing market understands much of the home buying process and likely will be more reasonable about their next purchase decision than many first-time buyers.