TransUnion recently released the results of a new study titled “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners that were negatively impacted by the housing crisis could re-enter the housing market in the next three years.
TransUnion defined “negatively impacted” as…
- those who were 60+ days past due on a mortgage loan
- those who lost their mortgage through foreclosure, short sale or other non-satisfactory closure
- people who had a mortgage loan modification between the Bubble and Burst
Here are the numbers of consumers who will meet mortgage guidelines over the next four years:
If you are contemplating buying in Utah, doing it sooner rather than later is looking like a wise move, since the market is heating up. Please call Josh Mettle at (855) 260-9932 or Contact Us here. We’d love to help get you into your new home.
Thanks to KCM blog for this post.