Where are all the homebuyers

Chicago North Shore Real estate Homesellers everywhere are scratching their heads and wondering where all the buyers have gone.

Get out your calculator, and you wonder no more.

Since 2006, 4 million homeowners lost their homes due to short sales or foreclosures

An additional 14 million homeowners (30%) are underwater

An additional 2.4 million homeowners hold less than 5% equity in their homes

An additional 3 - 10 million homeowners facing foreclosure (nobody knows for sure!)

Add it all up, and we’re looking at 23 to 30 million current homeowners who are out of the market.

Since there are about 48 million homeowners in the U.S., 50 to 62.5% of move-up homebuyers have been removed from the market.

Number of ‘move-up’ homebuyers out of market
4 million	Homes lost to foreclosure or Short Sale since 2006
14 million	Homes currently underwater
2.4 million	Homes with less than 5% equity
3 – 10 million	Homeowners currently facing foreclosure (in default, in foreclosure processing, selling as short sale)
23 – 30 million	Total move-up homebuyers out of market
48 million	Total number of residential properties
*50 – 62.5%*	*% of move-up homebuyers out of market*