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FHA buyer boom signals return of first-time and boomerang buyers

Share of buyers hits 3-year high after jumping 20 percent from last year

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Takeaways: Through July of this year, FHA buyers accounted for 22 percent of all financed purchases of U.S. single-family homes and condos. That signals the return of traditional homebuyers, including first-time homebuyers and boomerang buyers recovering from a previous homeownership experience that ended in foreclosure or short sale. Markets with the highest share of FHA buyers so far in 2015 were led by the California cities of Visalia (46 percent), Modesto (42 percent), Bakersfield (39 percent) and Stockton (36 percent), with Ogden, Utah (36 percent) rounding out the top five. Through July of this year, FHA buyers accounted for 22 percent of all financed purchases of U.S. single-family homes and condos. This figure is up 20 percent from 2014 to the highest share of FHA buyers since 2012, according to RealtyTrac data. That signals the return of traditional homebuyers, including first-time homebuyers and boomerang buyers recovering from a previous homeownership e...