Tuesday , 26 January 2021

Almost Half of Americans Have Buyer’s Remorse About Their House

By CNBC News

Posted To: MND NewsWire

The excitement of buying a new home has worn off fast for almost half of Americans. Forty-four percent of homeowners have some regrets about their current residence or the process they went through when choosing it, according to a survey by Trulia, a residential real-estate website. That’s a slight improvemen t from the 46 percent who reported regrets five years ago. The site polled 2,000 adults in late June. Buying a house is often the biggest purchase a person will ever make, so it’s natural that many experience some buyer’s remorse. The median U.S. home price was $252,800 in May, up 5.8 percent from a year earlier, according to the National Association of Realtors. Trulia found the top homeowner regret was not choosing the correct home size (42 percent), including a third of homeowners who…(read more)

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