Boomerang buyers are those nearly 7.3 million who lost their homes to foreclosure or short sale
between 2007 and 2014,according to RealtyTrac data. .There are now about half a million homeowners who lost their homes who are moving out of the the 7 year window and 1 million potential boomerang buyers who will move out of the seven-year window in each of the next four years, through 2019.
This could have a tremendous impact on home sales in the next number of years.
The demand is there if only the supply would increase. Until that happens, it’s tough to buy but easy to sell.
An influx of half a million to 650,000 boomerang buyers in each of the next five years would represent 10 to 13 percent of sales in a typical year.
Top markets for boomerang buyers include the two-county Inland Empire region of Southern California which has has 269,419 potential boomerang buyers over the next seven years — the sixth highest number of any metropolitan statistical area in the country
