More than 1.5 million that were negatively affected by the housing crisis could re-enter the housing market at some point in the next three years, according to a study released by TransUnion on Wednesday.
Boomerang buyers include those who are 60 or more days delinquent on a mortgage loan, have had a mortgage loan modified, or have lost a home through foreclosure, short sale, or deed-in-lieu of foreclosure. TransUnion estimates that about 700,000 boomerang buyers could re-enter the mortgage market in 2015, and another 2.2 million could re-enter the market over the next five years.