More than half of Millennial homebuyers regret buying a house. According to a survey conducted by Clever Real Estate, 82% of Millennial homeowners say they had at least one significant regret about their home purchase. Three main factors play into this feeling of regret: many are realizing they overpaid in an effort to outdo competition, they bought a budget-friendly house in an area that wasn’t their ideal choice, or they opted for an affordable fixer upper, now regretting how many significant repairs are / were needed for it to feel complete. Bank of America’s sixth annual Millennial home-improvement survey from last year also found that more Millennials were taking out significant loans to fund home-improvement projects, which is certainly feeding into their (home)buyer’s remorse. YPulse’s Life Milestones research shows saving up for a home is one of Millennials’ top five goals this year, but a lack of affordable housing options could keep them from buying. (Business Insider)
Reports and Webinars are limited to the Region terms of your Pro and Prime subscription, as shown in “Purchased Regions”.
- To filter all content types to individual Region(s) you have purchased, apply your Region(s) under “Purchased Regions.”
Articles, Video Updates, and News across all Regions are open to all Pro and Prime subscribers.
- To see this content for any Region, use the “Content Filter”.
