Millennials more likely to have regret after buying a home | SummitDaily.com
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Millennials more likely to have regret after buying a home

Buying a home that is too small chief among them

By Aldo Svaldi | asvaldi@denverpost.com | The Denver Post

The regrets that can plague home buyers are many, and young adults have more of them than older ones, according to a survey from Trulia, the real estate website.

Just over one in five surveyed say a past mistake is preventing them from making a change in their housing situation.Some buyers kick themselves for not being on more solid financial ground when taking on a mortgage, while four in 10 renters who didn’t buy also expressed regret for not making the leap in a market where prices have moved in only one direction — up.

About 13 percent of parents wish they had purchased in a neighborhood with better schools, while a comparable share of buyers, 15 percent, wish they had done better research on the front-end.

Harris Poll surveyed 2,264 U.S. adults from June 28 to June 30 for Trulia, which sponsored a similar survey in 2013 when U.S. housing markets were emerging from a long slump.

Read the full story on The Denver Post website, click here.

 


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