Nick Millican explains current housing trends. He says that as the market starts to level out and things start to get back to normal, it is now more common than ever for something called a boomerang buyer to start to move back toward owning a home.
A boomerang buyer is a buyer that lost their home when the housing bubble burst and they were no longer able to make their payments. These buyers are now starting to recover from the collapse and are now ready to
start working toward buying a new home and owning a home after the crisis, as Nick Millican adds.
Many are starting to realize that living in London is worth the trouble and worth the cost and that they might be ready to move back to the city after all that has happened.
Nick Millican explains more on this. The expert explains that many of these motivated buyers are finding that cutting commute times, cutting entertainment costs and being in the city is more beneficial than they may have previously thought and that it may well be worth the trouble of living in the city to help make these issues easier.
Nick Millican and other agents feel that this is a good sign for the housing market as a whole. Instead of buyers that are afraid to move back or that are afraid to go back to the city, these buyers have enough confidence in the market and enough confidence in themselves that they are able to buy a home and actually make a go at it even though they have experienced loss and have experienced the down turn.