Survey: 3 in 4 Pandemic Homebuyers Have Regrets About Their PurchaseBy RISMedia Staff
The strong pandemic seller’s market caused homebuyers to act fast, pay more and cede ground on their biggest priorities, resulting in regret and disappointment, according to a recent Clever Real Estate survey of 1,001 people who purchased a home in 2021 and 2022.
According to the survey, nearly a quarter of all buyers said they were not satisfied with their home-buying experience, and 80% compromised on their priorities—finding a home in a good neighborhood was the No. 1 priority of 50% of respondents. Further, 80% of buyers made more than one offer, according to the report, and of those who made multiple offers, 41% put an offer down on five or more homes. Ten percent made an offer on 10 or more homes. Additionally, first-time buyers, 66% of whom were millennials, were more likely than repeat buyers to take risks, according to the report. First-timers paid a median price of $510,000 for a home in 2021 and 2022, 13% more than what repeat buyers paid. Other key findings:
Brendan Rascius is RISMedia’s associate editor. Email him your story ideas to brascius@rismedia.com. |
Today's Top Stories |