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Boston Condos: Boomerang buyers the newest trend

What is a Boston condo boomerang buyer? A Boston boomerang buyer are home buyers on the rebound,  individuals that lost a home/condo to a foreclosure or short sale between 2007 – 2013 and now are in the market to buy.

The Washington Post recently ran an article indicating that nationally boomerang buyers make up 10% of all real estate purchases. I think in the Boston area this could run even higher in 2015-2016 as more former owners become elegible for new loans.

Below are recent charts reflecting the strength of the boomerang buyer in 2014:
Boomerang-Buyers-Boston-condos

boston boomerrang buyer 2014