With the improving economy of the last several years, TransUnion is predicting more good news; approximately 2.2 million "boomerang buyers", so named because they were owners that left the market following the downturn, could return to the market over the next five years.
Such an up-tick in buyers would further improve the housing market. TransUnion found that while 8 percent of mortgage holders were affected by the downturn, only 18 percent of them had returned to the market as of December 2014.
As delinquency durations expire, that remaining 82 percent could be coming back in force.
Read more at Chicago Agent Magazine here.