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September 2017   Volume 43, Number 9      
 

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Millennials More Likely to Regret Real Estate Choices

The housing market has improved significantly since the recession. However, many Americans are still scarred from their last real estate decisions. Roughly 44 percent of Americans reported that they regret their current home choice or the process that they went through in order to get it, according to the newest report from Trulia. Still, this is a slight improvement from five years ago when 46 percent regretted their decisions.

Trulia’s survey was conducted online in June by Harris Poll among 2,264 Americans age 18 and older. Among those with regrets, more renters wished that they had bought homes instead of renting, while more homeowners regret not buying a bigger or a smaller home.

Millennials were the group that was most likely to regret their home-buying decisions. 71 percent regretted their decisions, according to Trulia’s study. That is a much higher level of regret when compared to Baby Boomers at 28 percent. The biggest regret among Millennials is that 34 percent said they wished they picked a different-sized home. Roughly 29 percent of those wished they had picked a larger home, while the remaining 5 percent said they wished it were smaller.

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In this issue:

The 10 Fastest Growing Cities in the U.S.

Automation Could Eliminate Real Estate Appraisal Jobs

Life Is Great for U.S. Homesellers

Los Angeles Ranks First as Best City for Global Real Estate Investors

Millennial Homebuyers Are Struggling

Millennials More Likely to Regret Real Estate Choices

Real Estate Startup Redfin Gears Up for IPO

Zillow’s Instant Offers Program Draws Ire From Real Estate Agents

Second Homes Sales Decline as Investment Sales Increase

Nine Highly Salable Factors of Real Estate Property



 


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