(ZEROHEDGE) – As it turns out, buying at the market top can quickly lead to feelings of remorse. With prices of single-family homes soaring the most on record, one recent survey found that millennials who decided to take advantage of low mortgage rates and buy a home during the COVID pandemic have mostly come to regret their decision.
As the survey from BankRate pointed out, buyer’s regrets are even more of a factor in the pandemic, as agents compete even more ruthlessly for deals. Leave it to the millennial generation to normalize buying a home sight-unseen, and waiving contingencies that might allow them an escape hatch once problems emerge.
Unsurprisingly, the rush to buy is leading some to settle for properties that aren’t quite right for them. Homebuyer regrets fell into two broad categories: financial and physical.
