- 44 percent of Americans have regrets about their current home or the process they went through when choosing it, a Trulia survey says.
The excitement of buying a new home has worn off fast for almost half of Americans. Forty-four percent of homeowners have some regrets about their current residence or the process they went through when choosing it, according to a survey by Trulia, a residential real estate website. The site polled 2,000 adults in late June. Buying a house is often the biggest purchase a person will ever make, so it's natural that many experience some buyer's remorse. The median U.S. home price was $252,800 in May, up 5.8 percent from a year earlier, according to the National Association of Realtors. Trulia found the top homeowner regret was not choosing the correct home size (42 percent), including a third of homeowners who wished they'd bought a larger home. Even among wealthy Americans earning $100,000 or more, 16 percent regretted not buying a larger home. Home size has been a common gripe over the years, especially as housing gets more expensive and people have to settle for smaller spaces, said David Weidner, managing editor for Trulia's housing economics research team.
- CNBC, July 17, 2017