Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | 2.2 million consumers to enter the US housing market in the next 5 yearsBy: Castle Keep The analysis considers a person eligible to re-enter the housing market if they have no unpaid judgements, garnishes or outstanding liens, no accounts past due, a FICO credit score of at least 620 and for at least four years to have elapsed since short sale or seven years since a foreclosure. TransUnion reported that while 18% of consumers have rebounded from the housing crisis and now meet these criteria, only 42% have re-entered the housing market so far. Joe Mellman, vice president and head of TransUnion’s mortgage group explained this phenomenon by saying: “As buyers who experienced foreclosures or other negative impacts become eligible to re-enter the mortgage market, they may not immediately do so if they are not aware they are eligible again, or feel daunted by their prior experience,” Author: Anton Tardif End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|