Millennials more likely to have regret after buying a home
Buying a home that is too small chief among them
July 13, 2017
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.