Jul 17, 2017
America's homebuyer remorse
44% of Americans have regrets about buying their current home or the buying process, a Trulia survey reveals, per CNBC.
- The top homeowner regret: Not choosing the correct home size (42% said this), and even among those earning above $100,000, 16% cited inadequate size as a regret.
- Trulia's housing economics research team managing editor, David Weidner reports that "many people faced with higher mortgages and higher rents are having to settle for less when it comes to space."
- Renters' top regret was wishing they had bought a home instead of renting (41% said this). For those of you deciding between buying a home and renting, remember one thing: it's cheaper to buy a home than to rent over seven years in every U.S. market, per Weidner.