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Lake Tahoe Real Estate March 12th, 2014

 

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In 2015, the first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home. More waves of these potential boomerang buyers will be moving past that seven-year window over the next eight years corresponding to the eight years of above historically normal foreclosure activity from 2007 to 2014. While millennials have gotten a lot of attention lately as the generation whose below-normal homeownership rates are changing the landscape of the U.S. real estate market, the boomerang buyers – who are primarily Generation Xers or Baby Boomers – represent a massive wave of potential pent-up demand that could shape the housing market in the short term even more dramatically.

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